Author Topic: Jerry Brown Creates California Surplus Miracle, But Can It Last?  (Read 743 times)

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Offline Rapunzel

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Offline Atomic Cow

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Re: Jerry Brown Creates California Surplus Miracle, But Can It Last?
« Reply #1 on: January 19, 2013, 01:24:31 AM »
Probably all slight of hand and some funny number work.
"...And these atomic bombs which science burst upon the world that night were strange, even to the men who used them."  H. G. Wells, The World Set Free, 1914

"The one pervading evil of democracy is the tyranny of the majority, or rather of that party, not always the majority, that succeeds, by force or fraud, in carrying elections." -Lord Acton

Offline Rapunzel

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Re: Jerry Brown Creates California Surplus Miracle, But Can It Last?
« Reply #2 on: January 19, 2013, 02:12:54 PM »
Probably all slight of hand and some funny number work.

of course it is...........

Offline Oceander

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Re: Jerry Brown Creates California Surplus Miracle, But Can It Last?
« Reply #3 on: January 20, 2013, 08:05:46 PM »
We shall see.  So far, nary a prog/lib has ever been able to legitimately balance a budget.  And counting just one or two years' worth of revenues as being evidence of a pattern is simply poppycock.  Individuals cannot change most of their spending or investment decisions on a dime - so when new taxes are imposed they frequently raise new revenue immediately - but once individuals have the time needed to change their behaviour to account for the new costs - and taxes are merely another cost from the economic point of view - they will adjust their behaviour to minimize the new costs, and once individuals have adjusted their behaviour, the revenues from those new taxes will drop, and the initial revenue estimates will be revealed as false.  At least, their falsity would be evident to anyone who understands how economic actors behave; progs/libs, unfortunately, do not understand how economic actors behave.


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