They brought in a law (Proposition 25), last year, to stop the California legislature from constantly missing its annual budget deadline, and to concentrate the minds of their greedy masters, they added a provision that the politicians will not be paid until the state budget balances ....
Of course politicians being politicians, they still squabbled about the budget, and were happily trying to overspend with a dodgy budget agreed, when the law suddenly came into effect ..... they are now no longer being paid, after the state State Controller John Chiang, agreed with Governor Gerry Browns determination that the budget they had approved was not in fact 'balanced' as the law required, and was in fact $1.8bn overspent.
Budget Hero or Villain? |
This seems a likely way forward for all those bent politicos in Europe as well .... budgets must be balanced from now on.
*It should be noted that Britain under the Gordon Brown economic stewardship also racked up a massive budget deficit
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