The LAT is angry again this morning at California's Republican legislators, this time because they took a "no new taxes pledge." The budget deficit and the budgetary stalemate rest firmly on their shoulders, the LAT claims. Cutting back on state expenditures would be worse than raising taxes, the LAT says, because the money not spent by the state wouldn't end up juicing the economy. And the economy needs juicing now.
Near the end of its editorial, the LAT prints the following sentence: "They [Republican legislators] can concentrate instead on the additional money that even deeper cuts will take out of the [state's] economy and see that modest or temporary tax increases will serve California better."
Apparently, the LAT believes that if money isn't spent by the state it won't be spent, and that confiscating taxpayers' money isn't contractionary.
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