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Think you came up a bit short trick-or-treating this year? It’s nothing compared to California, whose revenues in October came in $800 million below projections. Overall, California is about $1.5 billion in the red for the current fiscal year, which may trigger some nasty cuts to schools and public safety if revenues don’t start pouring in soon.
Of course, California didn’t get into these dire straits by accident. Years and years of reckless overspending pushed the state over the fiscal precipice resulting in the sorry state of affairs we’re seeing today. Apparently, despite billions in cuts to education and other critical programs, some people still haven’t gotten the message. Consider the so-called California Cancer Research Act, pushed by a former legislator. This nearly billion dollar tax increase not only would duplicate existing programs, but would spend up to $16 million annually on additional overhead and up to $117 million a year for new buildings and facilities. In short, it would create another new bureaucracy to pay for, even though we can’t pay for the programs already on the books.
California dug itself into the hole it’s in by giving in to wild spending schemes time and time again. Perhaps this June, voters will finally get the message.
–Written By Matthew Cunningham (Posted with permission)
Matthew Cunningham is a writer and new media pioneer in the public and private sectors. In 2004, he founded Orange County’s first political blog, OC Blog, which spawned the most influential regional blogosphere in California and evolved into a national network of more than 30 local blogs under the RedCounty.com banner. He’s also a contributor to the FlashReport Blog, California’s leading statewide conservative blog, and a regular guest on “The Filter with Fred Roggin,” NBC 4’s daily public affairs program.