"state Treasurer Phil Angelides, a Democrat expected to run for governor in 2006, is scheduled to launch today an advertising campaign against the $15-billion borrowing plan."
The Democrats are already starting to undermine Arnold's CA recovery plan.
Republicans need to figure out, whose side they are really on.
To: FairOpinion
Not true. If you wish the best for CA, you would be against the "borrowing" (read future tax hikes) plan as well. I have no idea why a Democrat proposes it, but politics makes strange bedfellows. What Arnie needs to do is cut spending like a true Terminator.
To: FairOpinion
3 posted on
12/02/2003 4:58:01 PM PST by
South40
(My vote helped defeat cruz bustamante; did yours?)
To: FairOpinion
Later in the above article...
"The cap he proposed would lower spending by $14 billion starting in July. Then, the spending limit would rise no faster than population and per capita income."
There he goes again... dang librul ;-)
6 posted on
12/02/2003 5:04:43 PM PST by
Tamzee
(Pennsylvanians for Bush! Join http://groups.yahoo.com/group/PA4BushCheney/)
To: FairOpinion
To read later.
10 posted on
12/02/2003 6:11:40 PM PST by
Salvation
(†With God all things are possible.†)
To: FairOpinion
The spending cap to go with the bonds sounds good but in California it's only a matter of time before the cap is gutted just like the last spending cap we had.
What we're left with is an obligation to pay an estimated $30 billion in principal and interest over the life of the bonds.
That doesn't look very attractive when it is estimated that $5 billion in cuts now and freezing spending at that level in the next budget would accomplish the same thing over the lifeftime of a measely two budget years.
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