Tom Campbell says the state could save billions by buying the poor private health insurance.
Posted on 10/24/2009 10:56:20 AM PDT by thecodont
Republican Tom Campbell, a candidate for governor who was the last state finance director to preside over a balanced budget, warned this week that California may be awash in more red ink, with revenue expected to fall short of projections by as much as $3 billion by the end of December.
The alarm from Campbell, a former dean of the UC Berkeley Haas School of Business, came after state officials acknowledged two weeks ago that state revenue for the first quarter of the fiscal year, ending Sept. 30, fell $1.1 billion short of predictions.
Still, as national headlines have trumpeted California's budgetary meltdown and the resulting slashing of state services during the past year, the state's beleaguered bottom line remains the political elephant in the room of the 2010 governor's race.
Only two of the five Republican and Democratic candidates - Campbell and state Insurance Commissioner Steve Poizner, also a Republican, have tackled in any detail the most daunting challenge on California's "to do" list - its chronic budget woes.
(Excerpt) Read more at sfgate.com ...
Tom Campbell says the state could save billions by buying the poor private health insurance.
Kommiefornia don’t do private.........
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