AN UNTREATED ILLNESS: California Finally Passes New Budget - WSJ.com:
"Sure sounds like the smoke and mirrors of Obama and evidences a total failure to address the fact that too much is being taken out of the economy for social consumption to allow the economy to grow. Stunted growth effectively means no-growth and is a downward spiral.
But, you can't convince a Democrat that growth takes capital and that social consumption needs to be cut back.
As said many times, this is a third inning budget in a nine-inning game and the pain to make changes is just put off. Like an untreated illness, it may all sound good - i.e. the state has a budget - but the continuing failure to treat the spending disease will only make the eventual adjustments that much more difficult.
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Saturday, October 9, 2010
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