Health & Fitness
Why I Will Not Be Voting for Bob Blumenfield - Pt 2
There was no balanced budget this year by the State Assembly. "It relies upon the assumption that the people are going to pass an initiative that will raise revenues"
The California Budget, by admission of Governor Jerry Brown, was dependent on the IPO of Facebook. Which, as we all know, did not generate the income for the State of California expected, or for anyone else. Upon researching for info on the budget I came across this quote on U-Tube. Assemblyman Bob Blumenfield (simultaneously running for his last term in the new 45th district and running for LA City Council in 2013).
As Chairman of the Budget Committee, he was interviewed by Brad Pomerance of Time Warner Cable, on July 26, 2012.
Balanced is described as "projected revenues match projected expenditures" and furthermore "what's DIFFERENT about this budget is it RELIES upon the ASSUMPTION that the people are going to pass an initiative that will raise revenues and....the choice that people are making November is not whether or not we have a balanced budget ...choice is what kind of California you wanna see..."
Find out what's happening in Sherman Oakswith free, real-time updates from Patch.
THAT IS THE JOB OF THE ASSEMBLY - PASS A REAL NOT QUASI-BALANCED BUDGET. So basically Chairman Blumenfield is saying: here's the debt and you Mr/Mrs taxpayer MUST pay it - figure a way to impose a fine/tax on yourself. And by the way - I'm looking for another job in the spring time!
Balanced is described as "projected revenues match projected expenditures" and furthermore "what's DIFFERENT about this budget is it RELIES upon the ASSUMPTION that the people are going to pass an initiative that will raise revenues and....the choice that people are making November is not whether or not we have a balanced budget ...choice is what kind of California you wanna see..." http://youtu.be/e49vLBGJZrA?t=35s
Find out what's happening in Sherman Oakswith free, real-time updates from Patch.
This is exactly what happened via the mortgage crisis. Loans were given, increases in payments occurred 2-3 years later under the agreement of the loan, and the homeowner had to figure out how to get ANOTHER job..more income..in an economy and climate where second jobs did not exist. Same true with the "balanced" budget. There is no more money to be squeezed out of taxpayers in a state with high unemployment, even underemployment.
I will not be voting for Bob Blumenfield.
