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
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.
So, depending on the wealthy to pay more taxes and bail out the Gov. is not
sound fiscal policy.