Hocus Pocus

And I, for one, am glad I could contribute to this.
California . . .

. . . just announced that state tax revenue plunged in July, falling more than 10% below expectations, and as the LA Times blog says, "making it more likely that deeper cuts to public schools built into the state budget in case of a stalled economic recovery will occur." It adds: "Gov. Jerry Brown and state lawmakers patched up the final $4 billion of California’s budget shortfall this year by hoping for a windfall economic recovery. Those hopes are now fading fast. Tax collections in July were $538.8 million below budget forecasts, according to state Controller John Chiang." And just like the proposed Deficit Reduction Plan will crash and burn courtesy of the completely unknown trillions in yet undisclosed savings, so California is now waking up to a bad hangover after realizing that the deus ex machina in unidentified billions of "revenues" forgot to make an appearance.

That was it.  Jerry & Co. in Sacramento looking at the budget, saw a $4 billion deficit, and said it will come as "revenues" . . . without stating the source.  It will just . . . appear.  Feds?  George Soros?  No one knows.  The $ billion remains unidentified - and unseen. 

It was just so easier back then . . .

Explain to me the benefits to businesses to remain in California?  Or the middle class?