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re: Link to LA Governor threatening to shutdown college football

Posted on 2/12/16 at 8:48 am to
Posted by TxTiger82
Member since Sep 2004
33950 posts
Posted on 2/12/16 at 8:48 am to
Austerity measures are what got us into this mess, FWIW. Why do you think the budget was cut so dramatically?
Posted by Thegroundhawgboar
Ft Smith AR
Member since Jan 2016
95 posts
Posted on 2/12/16 at 9:05 am to
But that is the point of the problem. You can't have a big budget and a welfare state unless you have a wealthy tax base. In other words a core group of wealthy people that will stay the course. Even a wealthy state like California learned that lesson a few years ago when they raised taxes so high that they did cause a flight out of the state. They had such a base that they did survive but La? I think it is a catch 22 situation for them. fwiw which may not be that much. La needs some good financial leadership and it may take some austerity that will hurt for a time but no pain no gain.
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