Staggering reality is about to smack Californians right in the face.   The problem with Socialistic Style Governance is sooner or later you run out of other peoples money…..  AND, NO BAILOUTS.   NO-WAY, NO-HOW
Everyone knew this was coming.  A $16,000,000,000.00 ONE STATE deficit !
Facing the reality that he was pushed to office by labor unions like AFSCME, he punts to the only solution progs know and demands higher tax rates to deal with the crisis.    This is a prime opportunity for the Occupy Movement to see, in real life, what the results would be/are from their demands.   Total fiscal insanity.   Economic Cognitive Dissonance.  
CALIFORNIA – Gov. Jerry Brown announced on Saturday that the state’s deficit has ballooned to $16 billion, a huge increase over his $9.2-billion estimate in January.
The bigger deficit is a significant setback for California, which has struggled to turn the page on a devastating budget crisis. Brown, who announced the deficit on YouTube, is expected to outline his full budget proposal on Monday in Sacramento.


“This means we will have to go much further, and make cuts far greater, than I asked for at the beginning of the year,” Brown said in the video.
Lawmakers and others were hoping that a rebounding economy would help the state avoid steep cuts to social services. But revenue in April, the most important month of the year for income taxes, fell far short of expectations, leading to a shortfall of at least $3 billion in the current fiscal year.
The state has also spent $2.1 billion more than expected, according to the controller, further worsening California’s financial health.
Advocates involved in budget discussions say they expect deeper cuts to social services than Brown originally proposed in January. Union officials are also in negotiations with administration officials about ways to reduce state payroll costs, an issue that wasn’t on the table earlier this year.
Brown has said there will be even deeper cuts, mostly to public education, if voters do not improve tax hikes in November.  (read more)

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