It's all one thingPosted by Anonymous (not verified) on Tuesday, 8 January 2013
There is much to study in the weekend's financial news but we came away with one new insight about an old problem: as public debt grows, public services decline; as public services decline, less taxable revenues are circulating, which makes the problem worse and worse. Today we see Gov. Jerry Brown, who won his tax increase, deciding how to spend it -- on services or on buying California out of debt. Or what mixture of the two?