Reason puts the business management skills of politicians into perspective:
Keep in mind that the “annihilating cuts” proposed thus far include trimming 5,000 employees out of a 235,000-strong state workforce (after a historic run-up in the state’s employee-per-resident ratio). So: Only after hiking spending by 40 percent in five years, raising taxes across the board, matching even Gray Davis’ deficits, and then getting spanked in a multi-tax suite of propositions, is California’s debased political class even beginning to contemplate a 2 percent reduction in its bloated, tax-sucking workforce. Maybe voter petulance isn’t such a bad thing after all.
Even successful and sound businesses all across the country this year are going to lose more than 2% of their workforce by attrition following hiring freezes. Californian’s dysfunctional political system can’t even trim that many jobs in the face of near total financial collapse.
They’re boned and the rest of us are going to pay for it.