But they that wait upon the Lord shall renew their strength. They shall mount up with wings as eagles. They shall run and not be weary. They shall walk and not faint. Isaiah 40.31
Wednesday, May 7, 2008
Cali is in a Hurt Locker (of it's own making)
A budget deficit of 20 billion? No one willing to accept cuts? What do you do? What else can you do but soak people for more taxes? California is in a hurt locker, that it created through run away spending during the boom years which can in no way be sustained in the bust years. Eventually, they're going to have to make painful, difficult cuts because you can only raise taxes so much before they becoming self-defeating.
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