Brown Seeks 7% California Spending Boost
• www.bloomberg.comGovernor Jerry Brown proposed $92.6 billion in spending for the year starting in July, an increase of about 7 percent, which will count on voters approving $7 billion of higher taxes in November.
He ain't old enough,yet. Maybe when he gets to 77, he will want to reduce taxes (don't hold your breath).
There is a certain amount of borrowing that the Fed needs done to maintain its overall status and control until the new One-World currency is in place. If it is too little, the Fed collapses. If it is too much, money comes into supply again and people become too free. It has to be just the right amount.
What does this have to do with raising taxes? EVERYTHING. Taxes are backing for the loans from the Fed. If you see taxes go up in a big way, what you are really seeing is the credit of Government go up, so that Gov can borrow more money from the Fed-eral Reserve Bank. And the Fed creates it out of thin air. Then we or Gov pay it back to the Fed through the labor of our hands and the sweat of our brow. The Fed gets FREE value on their thin-air creation - money.