Sunday, October 26, 2008

Chart and video of California financial deficit

In order to better understand the way Califonia spends money, the chart below breaks down where money has gone and will go this year.

Allocation of funds in California





Protecting California Taxpayers
Assembly Republicans Are Fighting
For A Responsible State Budget




UCLA Professor Daniel J.B. Mitchell traces California’s financial deficit back to the 1970s. Explains why the terminology is off and misleads citizens into believing the budget has been fine. States (in 2006) that California needs to fix its structural deficit, which means that economic growth alone would not fix the economic situation (must REDUCE spending and RAISE taxes).


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