Quote:
Originally Posted by EscapeCalifornia
And do you understand that raising taxes in a recession is the worst thing you can do? How many more productive citizens and businesses do you want to run out of the state?
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What's going to run more productive citizens out of the state and cause more harm to the economy:
a) raising California income and sales taxes by 1% (increases revenues by 8B)
b) cutting K-12 spending per capita by 20% (decreases costs by 8B)
c) releasing all sex offenders currently held in mental hospitals to their own recognizance (decreases costs by 3B), and enacting early-release programs with the goal to reduce population of state prisons by 50% (decreases costs by 5B)
d) ...
I agree that raising taxes in a recession is not a great idea. Maybe we should hang on till January 20th and then ask Obama for a low interest rate loan. But generally speaking, the budget has to be balanced and cutting expenses any further is not the way to go.