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The best budgetary policy is to run a deficit during recessions. The fact that this is difficult in is a mistake. If you want trust the citizen voters (and I
by artsrc 17y ago
The best budgetary policy is to run a deficit during recessions. The fact that this is difficult in is a mistake.
If you want trust the citizen voters (and I don't) I would suggest an independent California Reserve should set property and income tax rates based on spending and the economic cycle.
- pmorici 17y agoWouldn't the best policy be to run a surplus during boom times and save that money for times like this?