WHEN THE PUBLIC COFFERS run dry.
“California could have dealt with its budget problems gradually–it’s not like you couldn’t see this mismatch coming, unless you thought that asset prices would always rise at 10% a year.
But legislators wanted to give voters goodies now, and voters rewarded them for it.
Now everyone’s getting what they asked for: disaster.”"
“California could have dealt with its budget problems gradually–it’s not like you couldn’t see this mismatch coming, unless you thought that asset prices would always rise at 10% a year.
But legislators wanted to give voters goodies now, and voters rewarded them for it.
Now everyone’s getting what they asked for: disaster.”"
No comments:
Post a Comment