Friday, June 10, 2011

Jerry Brown’s Bad Budget Deal

It looks very possible that Governor Brown will get enough Republican votes next week to pass a state budget and put tax extensions on a special election ballot for September. The remaining stumbling block is the extension of the current taxes, which are set to expire July 1, and Brown wants them to continue until the special election. Here is why I think the whole budget deal is very bad:

1. Brown has basically endorsed the conservative argument that our state and national fiscal problems are due to governmental over-spending. While he is calling for a vote on the tax extensions, his budget relies on deep cuts to needed social programs coupled with a scaling back of pensions and an elimination of several state offices. In other words, he is endorsing the conservative push for austerity during a time when we need increased support for jobs and benefits.

2. It is possible that the voters will reject the tax extensions, and then we move to an all-cuts budget, which only an extreme right-wing proponent of government and taxes could support. Once again, it has taken a Democrat to fulfill Republican promises.

3. In order to push for the tax extensions, which place most of the burden on struggling middle-class and lower-class workers, unions and Democratic politicians will have to spend huge sums of money fighting for a very bad deal.

4. Even if the tax extensions do pass, they serve as a temporary fix, and they do not address the fundamental revenue problem of the state. Moreover, if the budget comes with a spending cap, the horrible cuts to social programs will be locked in.

The only solution is for the Democrats to simply refuse to sign onto any budget deal and to turn their attention to a special election to support real progressive solutions like the end of the rule requiring a super majority vote on taxes in the legislature.

7 comments:

  1. Hi there,

    I was just wondering if you would be interested in a link placement on your site to a small private University site. I am happy to make payment for this as we believe this might help improve traffic to the college site.

    Please let me know what you think. You can reach me at this email fr.reach@gmail.com.

    Look forward to your email.

    ReplyDelete
  2. Hey bob, I was wondering, what do you do for a living? Do you work in the financial field? Because your articles are overwhelming with useful information.

    ReplyDelete
    Replies
    1. Really awesome effort by this blogger. First time read such type of blog post. Thanks for sharing it dear.
      Marketing Degrees

      Delete
  3. It was serene and unwinding. We worked in the flying creature watching cottage, with the goal that it was a little shack, cash was intense, so we searched for second hand materials. This shack we utilized for dozing and cooking on weekends. It had a space for dozing, a kitchen seat with sink, a pot stomach warmer we utilized for cooking. cash advance san-diego

    ReplyDelete
  4. Money related crises are ordinary particularly when you're as of now in school however it realizes that you can get snappy understudy credits from trustworthy banks. As the name recommends, you will get the advance cash inside a day since it is an unsecured advance. Check Cashing

    ReplyDelete
  5. Government understudy advance help comes in various bundles. Contingent upon your money related circumstance, the sorts of credits used to pay for school and what you accomplish for work the legislature may have routes for you to not just reduction the aggregate sum owed and/or make the month to month cost more moderate. cash advance san-diego

    ReplyDelete