Daniel Weintraub has an exceptional piece in the Sacramento Bee today on the state budget crisis. Read it here.
You can’t read this and think that borrowing from future lottery revenues, increasing the sales tax even temporarily, or adjusting income taxes is the answer to the state budget problems. It proves to me that we have a spending problem.
Tax increases under the facts presented by Weintraub would do nothing but increase the size of the budget.
Blow up some boxes!