Well given the spending mania of the legislators for the last 30 or so years, and all of these out of control social programs and entitlements due to state employees, (and they are entitled by contract since that's what the state agreed to) the state has dug itself into a hole. In addition, companies have been leaving in droves to avoid some of these high corporate taxes which are not easing up. We can expect more of them to scoot out when the CA cap n trade goes into effect with all its new regs and restrictions making it even more difficult for some of them to compete. These companies which have been lost to other areas have put a big dent in the state's revenues and I can only see it getting worse. What it all adds up to is higher taxes for us peons in an attempt to stop the hemmoraging. Got a ballot initiative coming up in June where the Governor is going to give us the opportunity to vote ourselves even higher taxes.



















