{"id":1071,"date":"2009-04-08T06:29:39","date_gmt":"2009-04-08T14:29:39","guid":{"rendered":"http:\/\/hodakvalue.com\/blog\/?p=1071"},"modified":"2009-04-10T19:47:38","modified_gmt":"2009-04-11T03:47:38","slug":"they-think-were-idiots","status":"publish","type":"post","link":"http:\/\/hodakvalue.com\/blog\/they-think-were-idiots\/","title":{"rendered":"They think we’re idiots"},"content":{"rendered":"

Here is the top legislator highlighting the difference<\/a> between her interest as a citizen versus her interest as a legislator:<\/p>\n

“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.<\/p>\n

“We have a constitutional obligation to balance the budget so we had no choice” but to raise taxes, Bass said.<\/p><\/blockquote>\n

Here is the basic equation she is hoping her sheeple will ignore:<\/p>\n

State tax revenues – State expenditures = State income (deficit)<\/p><\/blockquote>\n

In other words, from her perch, the **<\/em>only way**<\/em><\/strong> to prevent a deficit is to increase taxes.\u00a0 She would, in principle, have a point if state expenditures had already been cut to the bone.\u00a0 Here is how BOTH haves of that equation look:<\/p>\n

\"Taxes

Both halves of the equation<\/p><\/div>\n

As you can see from this graph (which is impossible to find on the California’s Dept. of Finance<\/a> site), declining tax revenues are clearly the driving force behind California’s budget problems.\u00a0 Not.<\/p>\n

On the other hand, regarding the title of this post, they might be right<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1071","post","type-post","status-publish","format-standard","hentry","category-collectivist-instinct"],"_links":{"self":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/1071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/comments?post=1071"}],"version-history":[{"count":6,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/1071\/revisions"}],"predecessor-version":[{"id":1086,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/1071\/revisions\/1086"}],"wp:attachment":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/media?parent=1071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/categories?post=1071"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/tags?post=1071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}