They think we’re idiots

Posted by Marc Hodak on April 8, 2009 under Collectivist instinct | Be the First to Comment

Here is the top legislator highlighting the difference between her interest as a citizen versus her interest as a legislator:

“I certainly don’t want my taxes raised but one thing I do recognize is that we are in the middle of a financial meltdown,” California Assembly Speaker Karen Bass, a Democrat, told Reuters in an interview.

“We have a constitutional obligation to balance the budget so we had no choice” but to raise taxes, Bass said.

Here is the basic equation she is hoping her sheeple will ignore:

State tax revenues – State expenditures = State income (deficit)

In other words, from her perch, the **only way** to prevent a deficit is to increase taxes.  She would, in principle, have a point if state expenditures had already been cut to the bone.  Here is how BOTH haves of that equation look:

As you can see from this graph (which is impossible to find on the California’s Dept. of Finance site), declining tax revenues are clearly the driving force behind California’s budget problems.  Not.

On the other hand, regarding the title of this post, they might be right.