Moonbeam looking out for Wall St.
Try telling your average Joe that federal spending is at historical lows and less taxes are being collected since the Truman administration. No one will believe you. But like a lot of things in life it’s true- it’s just not what people choose to believe. In California, Gov. Jerry Brown is facing a massive loss of tax revenue. So he’s proposed a plan where cities and counties put any budget surpluses in a “rainy day fund.” That way when Wall St. crashes the bus again and wrecks the global economy, they can still get paid. We wouldn’t want any of that surplus money going to hire cops and teachers or fix up some bridges now would we?