Budget Is A Fraud

by CalWatchdog Staff | October 7, 2010 1:56 pm

Steven Greenhut: This is what we get from the state Legislature — a fraudulent budget deal more than three months late. As the LA Times [1]explained today, it relies heavily on DC handouts (fat chance) and “if approved would fall out of balance almost the moment the ink dried. … But, mostly, they settled on accounting sleight-of-hand: deferred payments, borrowed money and optimistic revenue assumptions.” Basically, it’s as if I decided to balance my check book by not paying some bills, assuming my mom is going to send me some cash and figuring that I’ll get a raise or more freelance work next month — and knowing that by Monday I’ll already be behind on bills again. I’d be upset except that my expectations for the Legislature are so low that this is pretty much what I thought would happen.

OCT. 7

Source URL: https://calwatchdog.com/2010/10/07/budget-is-a-fraud/

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