Too Little Too Late
Try your hand at closing California’s budget shortfall, estimated at $24 billion. It’s not easy, but it can be done. Cut spending, raise taxes and/or borrow to get the state out of the red. For each choice -- drawn from proposals from across the political spectrum -- we’ve tried to give some sense of the effects. As you craft your proposal, the Deficit Meter will show your progress.
http://www.latimes.com/news/local/la-statebudget-fl,0,95571.htmlstory
When you're talking $24 billion you can't really even bother with the <$200 million stuff. It's like doing nothing. The huge tax hikes put large dents in it but raising taxes now isn't particularly a good idea. Some of the really big budget cuts help, but they're possibly illegal and the most useful of them would be terribly unpopular.
- Michael
http://www.latimes.com/news/local/la-statebudget-fl,0,95571.htmlstory
When you're talking $24 billion you can't really even bother with the <$200 million stuff. It's like doing nothing. The huge tax hikes put large dents in it but raising taxes now isn't particularly a good idea. Some of the really big budget cuts help, but they're possibly illegal and the most useful of them would be terribly unpopular.
- Michael