Thursday, May 28, 2009
One hears a lot about the California budget crisis, but what are the facts? One blogger writes:
As a Floridian, I’m looking at California’s budget mess with some
amazement. The state’s 2009-10 budget is $111 billion, up 6% from the
prior year, and $25 billion more than the year’s projected revenues of
$86 billion. The budget’s expenditures are 29% greater than projected
revenues! Yes, times are tough, we’re in a recession and all that, but
during tough times shouldn’t we tighten our belts? Instead,
California’s expenditures are growing at a fairly good clip, and 29%
larger than revenues. This strikes me as crazy, and I’m happy to be
saying this from Florida rather than California.
Think about that -- a 6 percent increase in expenditures from the prior year during a recession/depression. How can anyone blame this on anything else than excessive government expenditures? As the post says, "during tough times shouldn’t we tighten our belts?" Apparently, not.