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re: Link to LA Governor threatening to shutdown college football
Posted on 2/12/16 at 8:48 am to Thegroundhawgboar
Posted on 2/12/16 at 8:48 am to Thegroundhawgboar
Austerity measures are what got us into this mess, FWIW. Why do you think the budget was cut so dramatically?
Posted on 2/12/16 at 9:05 am to TxTiger82
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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