Comments about ‘California taxpayers 'at risk' from Facebook stock decline’
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So, depending on the wealthy to pay more taxes and bail out the Gov. is not sound fiscal policy.
Wrong headline. The taxpayers are not at risk from Facebook decline. They are at risk, and have been at risk, from a state government that spends way too much on fluff and nothingness.
It should come as no surprise to anyone in California that their governor and their liberal legislature base their budget on the unrealistic forcasts and then express surprise when revenue doens't meet their expectations.
The same thinking that is bringing California closer to bankruptcy prevails in Washington D.C.
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