“No other state is in the kind of crisis that California is in,” said Iris J. Lav, the deputy director of the Center on Budget and Policy Priorities, a liberal research group in Washington. The roots of California’s inability to address its budget woes are statutory and political. The state, unlike most others, requires a two-thirds majority vote in the legislature to pass budgets and tax increases. And its process for creating voter initiatives hamstrings the budget process by directing money for some programs while depriving others of cash." READ THE REST HERE...
We talked about that pesky 2/3 majority
vote before during an education summit. It seems that, in large part, a failure to effect change can be blamed on that 2/3 requirement used by both sides as a shield to fortify their positions.
Sadly, even when they finally agree on a budget, it will be more cuts in places that are already bleeding out and will solve little in the long run. Isn't it time that the politicians get recalled and we try some other way of business?
I'm not sure which is more gloomy; the weather outside or the economic news that we face as a state and a nation. Sadly, the rain will eventually stop; whereas the fiscal stupidity could continue for quite some time.
MisterWriter
1 comments:
I usually dislike this sort of news, but you are a fascinating writer MisterWriter! Fiscal stupidity. I'll have to "quote" that phrase to some idiots that I know.
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