California ready to hit the fan this year
The Democratic rulers of the People's Republic of California are ready to get on the tax bandwagon to cure the deficit.
Naturally, nothing is said about spending. Or about California's budget history.
This article tells you what you won't hear elsewhere.
As is typical, the government appetite for tax revenues is infinite. No matter how much revenue rolls in, they can spend it. And then some. This is why tax increases, or even an economic boom alone, cannot balance a government budget.