Tax Guru-Ker$tetter Letter
Tuesday, December 03, 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