I'm curious then, what actually happens? How does CA deal with that? On Tue, Mar 30, 2010 at 6:25 PM, Maureen <[email protected]> wrote:
> > If you want a good example of how not to do a mandated balanced > budget, look at California. Cannot by law deficit spend, but has a > ton of legislatively mandated programs that must be funded, and unions > that refuse to budge an inch on any of their negotiated benefits, > making it all impossible to present a balanced budget when required > spending exceeds revenue. > > On Tue, Mar 30, 2010 at 1:12 PM, Judah McAuley <[email protected]> > wrote: > > > > On Tue, Mar 30, 2010 at 11:39 AM, LRS Scout <[email protected]> wrote: > >> 6. We require a balanced budget amendment. You cannot spend more than > you > >> make. > > > > This is the sort of thing that sounds good in theory but isn't very > > good economics in practic > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:314540 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
