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FRONT PAGE  |  9/25/2016
MONDAY, NOV 21, 2011  |  1 comments
Californians cut spending, in contrast to state government

The latest figures show state revenues last month were $811 million below projections. Nearly a billion dollars in just one month. Fiscal year to date, state income is running $1.5 billion below projections while state expenditures are $1.7 billion above — a $3.2 billion gap.

On the other hand, individual Californians appear to be doing a better job reining in spending.

"A majority of Californians — 60% — say the way they spend and save has forever changed in the wake of the economic downturn," says Citi's California Pulse report. ...


CLICK HERE to Read Entire Article
www.usatoday.com

Response to economic crisis?
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News Item11/22/11 2:58 PM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
No wonder the state of California is suffering from a shortage of revenues, Californians are cutting back on spending what cuts back on sale taxes!

While it's really much easier to become a Christian than for people to work themselves out of the economic mess, one should still remember, The Way of the Saved Minority is just that for even the more important problem of having How to Have Victory Over Sin

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