I am shocked, I tell you, shocked
05/30/2012 3 Comments
Well not really, local bloggers have been reporting for years the budgets coming out of Sacramento are bogus. Now Katy Grimes writing at Cal Watchdog reports CA debt much larger than reported
“Reports of California’s debt usually just include the $17 billion budget deficit. But California also owes the federal government $14 billion, and public schools $10 billion.
While California sputters under the massive debt, legislators continue to take up ridiculous bills and resolutions, and ignore bills which would begin necessary reforms.”
You can read the whole sad story of inept political leadership HERE. Rather than attempt to solve the budget problems, the Legislature continues to bring forward bills that are strangle the California economy. The only way out of this mess is to fire up our economy. We have huge fossil fuel deposits on and off shore, and our political leaders insist on promoting higher cost alternative energy, driving business and jobs out of the state to lower cost states and off shore. Time to clean house in Sacramento.