» The Not So Golden State: Back in January of this year, California state officials were anticipating a $9.2 billion budget shortfall for 2012 — an enormous deficit, though considerably less than the $26 billion that faced Governor Jerry Brown when he took over in 2010. Brown announced,while revealing the startling new figure, that he’ll be placing an initiative on the November ballot to raise the sales tax by .25%, and add an income tax surcharge for wealthy Californians. If the initiative fails, expect deeper than anticipated spending cuts to follow.
neightkelly said: Not taking the money from people does not add to the government’s deficit, it’s not the government’s money. It’s like saying because you aren’t mugging that person you are now down 25 dollars.
» We say: Think about it this way. It’s like going to college. You may not like all the classes, but they still need to be paid for by the collective student body. Because, since they get all that tuition, they have room to offer a Women’s Studies program. And a wider variety of programs ensures a better experience for everyone. If money goes away, programs get cut. That’s the thing with your “mugger” analogy that doesn’t work. Even if you’re a hardcore libertarian, you’re still benefitting from that tax income whether you choose to enjoy it or not. There is a benefit to paying your taxes. You drive on those roads that the government provided the money and planning to create and maintain. You eat food made healthier by government regulation. You don’t get sick because the government put money into improving medical standards. You live in a safe country because the government did things to improve our country’s security both here and abroad. I’ve yet to meet a mugger who gave back so much after they stole your wallet. (EDIT: Now this is not to say that the government is the best at these particular jobs, but it is how they use the money.)
In our judgment, the continuing opposition…in the House would undermine and damage our capacity to create jobs and expand the economy.Treasury Secretary Timothy Geithner • Claiming that the GOP’s spending-cut-heavy plan threatens to severely hurt job creation. Geithner’s advice? Strengthen the economic recovery, then focus on deficit-cutting. “I am very confident that the Democrats and the Republicans will come together on a program to not just reduce spending but reduce long-term deficits,” he continued. source (via • follow)
We were left with no choice … The question is when are the Republicans going to sit down seriously with the other side on this issue and try to work something out.Democrat Wisconsin state Sen. Jon Erpenbach • Explaining why he chose to leave the state, and what it will take to get him back. He and every other Democratic state senator in Wisconsin left in protest of a GOP-backed plan to limit public employees’ abilities to collectively bargain for better wages, in a push to stop a deficit crisis. As a result, the GOP doesn’t have quorum – because 20 state senators need to be there, and there are 19 Republicans. This is the first such incident were an entire party left a state to avoid a vote since Democratic members of the Texas state senate and state house left the state to avoid a vote on redistricting – the same vote, mind you, that led to Tom DeLay’s corruption conviction. source (via • follow)
Some of what I’ve heard coming out of Wisconsin, where you’re just making it harder for public employees to collectively bargain, generally seems like more of an assault on unions. I think it’s very important for us to understand that public employees, they’re our neighbors, they’re our friends.Barack Obama • Coming out in support of public employees currently facing the squeeze in an anti-union fight in Wisconsin. The vote will likely take place today, and it’s clear where Gov. Scott Walker is leaning – he’s budget-minded first, and sounds frustrated by the fact that collective bargaining agreements take so long. “I don’t have 15 months to balance a budget, and I certainly am not going to pass a budget on a hope and a prayer that that might happen,” he said. Hey Scott, based on the protests, it’s clear that a balanced budget is not the top priority for the people who have been flooding Madison the last few days. Consider that. source (via • follow)