Finally, the state of California has passed a budget. This is good news as the state’s fiscal year began over three months ago, and there was reason to believe that the state would have to issue IOU’s to pay it’s bills if no budget was passed. There is more good news in that the budget is actually balanced as is required by state law.
But, there is only one small problem, that is, unless you live in California. The budget is balanced by assuming that the state will receive $5.4 billion from the federal government. Of course, that’s $5.4 billion that our federal government must borrow from somewhere as we are already some $13 trillion in debt.
That’s $5.4 billion that each and every American will have to pay for whether they live in California or not.
California has become the poster child for irresponsible spending, caving in to virtually every demand made by its public unions including gold plated pensions, gold plated health care and ever increasing salaries. Now, everyone in the country gets to pay for their irresponsible spending.
Is it any wonder why we have tea parties? Is it any wonder why most Americans are fed up with government?