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> The problem is that the state constitution and politics makes it easy to get rid of revenue, but really hard to get it back. As it is quite easy to start spe
by thatswrong0 13y ago
> The problem is that the state constitution and politics makes it easy to get rid of revenue, but really hard to get it back.
As it is quite easy to start spending but not stop.
> What do we do in the long run?
Cut spending. Deal with the actual issue: pensions. The vehicle licensing fee 'problem' is just a red herring.
- jbooth 13y agoIf pensions are the issue, then the solution is probably a little more detailed than "cut spending". You show me someone with a 2 word fiscal solution and ill Sheila you a fool.
- btilly 13y agoThe bigger issue is that California's tax revenue is hugely cyclic, since it depends on income taxes on people whose incomes depend on the performance of investments. Thus during a boom, California gets lots of money, during a crash, the government is strapped. But yeah, pensions need to be reformed. However even if you did so, the state would still regularly run out of money.