You may or may not know this, but Los Angeles is in a huge fiscal hole. Our city is bankrupt to the tune of 500 million dollars... and frankly, L.A. for all its sprawl just ain't big enough to be half a billion dollars in the red, but hey maybe that's just one man's opinion.
As a result, the city (not to mention the county and state) keep raising taxes on the few remaining productive citizens left in this city in a desperate bid to close the gap... aaaaaand as just about anyone with even a basic understanding of economics could predict, it's causing those productive citizens to flee the state in droves... which is of course making the problem worse, not better.
And now, into this spicy stew of economic doom and idiocy has waded our illustrious mayor with his latest brilliant idea for cementing his legacy as the worst mayor any major American city has ever had.
Let me tell you what this guy wants to do...
He's come up with a plan to raise the rates that Angelenos pay for water and power service. OK fine, but it's not so much the "what" that bothers me as the "why." Is he looking to raise a huge new pile of money to close the budget gap, or to pay for more cops and firemen, or to pay for the massively underfunded pension system he's saddled us with?
No. He's raising this money to create a "green" enegry slush fund. A Green Energy slush fund ladies and gentlemen! Now I know it's been a long time since the Mayor lived in the private sector and had to live on a budget funded by money he made with his own two hands slogging to work every day, but I think it's time we explained the way the real world works to people like Tony Villaraigosa and those who think like him.
Here in the real world, when you bust your budget, you don't just go out and spend more money on a big screen TV. When you've screwed up the budget, Tony, you pay for only the things you absolutely need... and you don't get to buy all the things you want... even if you really REALLY want them. And a goddamned GREEN PROJECTS SLUSH FUND is a luxury somewhere below fur sinks right now in our current state of economic affairs.
This guy just does. Not. Get. It.
So, the next time you see ole Tony fly in with a plan to save the day, just remember, that "S" on his cape doesn't stand for "Super."
Monday, March 29, 2010
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