Fiscal Issues & Geeky Stuff

The current issue of The Heartland Institute Newsletter is titled “Reoccuring Budget Deficits Need Comprehensive Fix.” California is facing a $17 billion deficit along with a higher unemployment rate, as reported by State Controller John Chiang. Noting that it is “downright dangerous” to increase taxes during a time of economic slowdown, the conclusion is that a fiscal responsible government needs to “trim wasteful spending, enact sensible spending limits, and work with the private sector towards implementing more free-market solutions to pressing public policy problems.” [Personally, I am not so sure.]

The Newsletter provides the following links with further information on spending limits, tax reform, privatization, and related budget issues.
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❑ Ten Principles of State Fiscal Policy
❑ Include Spending in California's Budget Debate
❑ California Legislators Push for More Double-Digit Income Tax Rates
❑ California Budget Woes Underscore Need for a Tough State Spending Limit
❑ California Focus: End Recurring Budget Deficits
❑ Tyranny of California's Nonpayers
❑ California Won't Fix Budget Until It Cuts Spending
❑ A Decade of TABOR - Ten Years After: Analysis of the Taxpayer's Bill of Rights
❑ 2007 California Piglet Book
❑ A Brief Guide to the Flat Tax
❑ Reason Foundation's Annual Privatization Report