The problem is the governor makes a laundry list of optimistic assumptions: * The state will continue to receive hundreds of millions in federal funding. * The state and national economy will improve. * The stock market will continue to rise. * Personal incomes and home values will continue to increase. * Corporations will see higher returns (despite cap-and-trade). * Individuals and businesses will stay in California despite the high tax rates. These are only a handful of suppositions the governor makes, even though all the changes that we’ve seen in California’s demographics reflect a different scenario.Shorter version: Jerry Brown and the Jim Crows in Sacramento are liars.
Monday, February 4, 2013
CalWatch on Jerry's budget
Josephine Djuhana has a good revier of Jerry Brown and the budget fraud. Key part:
Posted by Matt Young at 10:59 AM