American Defense Enterprises

Random observations from the ADE community

Monday, June 29, 2009

IOU

Giant inflatable dog turds

Between Tamiflu resistant H1N1 and the world economic problems the future is looking pretty bleak.  How about some sprinkles on the turd sunday we Californians are being force fed?

Enter the California budget.  California is getting ready to start delivering IOU’s to its creditors this week unless a budget is passed.  Gov. Schwarzenegger has threatened to veto any budget that penalizes California residents by increasing taxes to close the budget deficit due to what he rightly calls Sacramento’s inability to live within its means.

Had the Governor not been complicit in the spending over the past 5 years I would have some sympathy, but he is just as bad having signed increasing budgets year after year with no regard for Californians.  What we really need in California and at the Federal level are fiscally responsible elected officials who don’t mortgage the future for their own political benefit.

Story on Financial Times

posted by c k at 3:29 pm  

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