Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

Posted by taxguru on December 3, 2002

PRC Fiscal Futility

Here’s a good summary of why California is doomed to always have such extreme budget problems. It’s a typical grasshopper state, setting up all kinds of spending programs using idiotic revenue predictions based on what comes in during the best years and ignoring the reality of down-turns. It’s a little difficult to feel sorry for idiots who are this incompetent at financial forecasting, or the fools who vote for them.

KMK

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