Think You Can Eliminate The Red Ink In California's Budget? Here's Your Chance - YOU Make The Cuts
Extremely impressive infographic built by the LA Times. Through would be an understatement for this interactive monster.
Think you can eliminate the red ink in California's budget?
The state's budget shortfall for the rest of this fiscal year and next, estimated to be $28 billion, is the size of the total general fund budget of 12 states combined: Delaware, Idaho, Maine, Montana, Nebraska, Nevada, New Hampshire, North Dakota, Rhode Island, South Dakota, Vermont and West Virginia.
We've provided a wide range of options — spending cuts and tax increases — that cover most of the proposals made by Democratic or Republican lawmakers. It's not easy, but it can be done.
Try your hand at filling this particular $28 billion hole...
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This clip explains why California will never EVER get its budget under control...
Reader Comments (9)
http://live.reuters.com/Event/Bernanke_House_Testimony?source=livevideo
http://www.latimes.com/news/nationworld/nation/la-na-congress-debt-ceiling-20110208,0,1802810.story
there is so much missing in that calculator that its pointless to waste any time on it. how about the 3.8 billion spent on "enterprise zones", didn't see that in the list.
cut state govt across the board 30%, then drop corporate tax rates, remove the thousands of pages or red tape that account for 500 billion in wasted business and you will never have a "revenue" problem again in this state
The immutable law of nature, make more than you spend or become extinct.
At the top of that list, the Governor should order the restart of the pumps of the california aqueduct, get the farms producing income. The grim reality is that the left can not see problems of their own making until it is too late, orchards will be fireplace ashes by the time they figure out their bloated state spending depends on a healthy productive economy. I can think of better ways to deal with inmates that does not involve paying more than the average wage earner income. I would cut all state wages and spending until it is balanced and then some. The surplus would be used to cancel outstanding bonds.
http://dailybail.com/home/california-treasurer-spanks-legislature-over-junk-spending.html
- "increase taxes on vacant, bank-owned properties"
- "institute a foreclosure filing-fee"
- "legalize and tax marijuana"
- "decriminalize and regulate recreational drugs"
- "cut the numbers of police, District Attorneys & Judges" (since fewer would be needed with less drug enforcement to do)
- "cut police pay" (since their jobs will be less dangerous without cartel/ gang/ drug sale related violence)
I wonder how much those actions could save?
- "reduce state interest payments on bonds by using pensions funds as collateral for a state owned bank: borrow from state bank, rather than issuing bonds"