So now it seems California is having trouble meeting a pretty fundamental requirement of government: repaying its citizens who paid more than their share of taxes last year.
I especially love this nugget:
The controller’s office estimates that the delay in tax refunds will free up $1.99 billion over the next month to pay for education, debt service, and other payments that legally have first claim to state funds.
(Emphasis added; apparently, it’s not taxpayer money in California, but rather these funds belong to the state. Finders keepers, eh?)
Okay, so I’m no economist. But who thought that the right formula for fiscal success for a government would be to drive away revenue and job producing industries and businesses with burdensome regulations and confiscatory taxes while encouraging the growth of the non-productive sector by expanding hand-outs and government programs and give-aways?
-Colorado Patriot (Nick), From HQ