Posted on 10/15/2005 2:12:46 PM PDT by FairOpinion
Because we haven't been living within our means, we've spent more than we have taken in each of the last six years. We've tapped out our state credit card, raided funds intended for schools and roads, and now bump along with the worst bond-rating of the 50 states, which costs us hundreds of millions of dollars in extra interest every year. The tired, defeatist answer is: Just raise taxes. But we've spent more than we have received in taxes every year for the last six years. Why do we expect the Legislature wouldn't do so again?
There is a better way. Prop. 76 requires that state expenditures grow more smoothly. Rather than allowing a one-time spike in income to add to permanent-spending formulas, Prop. 76 specifies that the state can only increase its spending over the previous fiscal year by a percentage equal to the previous three years' revenue growth. We're still paying for having put our spending into high-gear based on one-time money at the end of the 1990s. This will stop that. If we have a windfall one year, the extra revenue will go into a reserve to be available for use when a year of exceptionally low revenue occurs.
Prop. 76 walls off the "special funds" that have routinely been raided when the state was spending more than it had. The sales tax we pay on gasoline, for instance, was intended for road building and maintenance; instead, it's been regularly raided for the state's general fund. That would stop.
(Excerpt) Read more at sfgate.com ...
You, on the other hand, have behaved more like a GOP Big Tent RINO, liberal or moderate, endlessly parroting the Arnold line no matter what rational counter arguments may show. When challenged, your reaction is always to proclaim the opposition a tool of the democrats.
You're not doing your side (CAGOP Big Tent RINOs) much good.
FO is succeeding in one thing: trashing every thread to limit any meaningful discussion.
Bravo!!!
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The ONLY thing you know from reading calcowgirl's post against Prop. 76, is her opinion. Ask yourself, is Calcowgirl right, while the entire Republican party and noted conservatives, such as Tom McClintock, and Ray Haynes WRONG?
The Republican Party, the Howard Jarvis Tax Association SUPPORT Prop. 76, while the Democrat Party, the Unions and calcowgirl are opposing it.
You may want to think twice which group of birds you want to flock with.
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McClintock's recommendations for CA Propositions
Summary of Recommendations on the CA Propositions by various organizations and parties
Yada... Yada... Yada... Phhhhht!!!
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