11-15-2012, 08:51 PM
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Senior Member
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Join Date: May 2009
Location: SF east bay
Posts: 4,455
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Quote:
Originally Posted by whell
No, that's not the inference. The inference is that states like OH, PA and CA voted for Obama. They voted to continue "the new normal" of high deficits, sluggish growth and high unemployment. The president, who said that the second half of his first term was going to have a laser-like focus on new jobs, was re-elected. So, I hope those folks in states like OH, PA and CA continue to enjoy the new normal.
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Our deficits will go away thanks to the voters.
Quote:
On election day last week, voters approved Proposition 30, the governor's plan to temporarily raise the sales tax and income taxes on high earners, providing an estimated $6 billion annually for state coffers. Voters also passed Proposition 39, which changes the corporate tax code to raise an estimated $1 billion a year for the general fund and clean energy projects.
Within six years, the report said, California could find itself with a $9-billion surplus, a stark turnaround after many years of severe budget deficits. But continuing financial challenges could quickly eat up any extra money.
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This success is entirely GOP free outside of registered voters.
Carl
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