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The day will come, when spending by the legislature will have to be vetoed or taxes will have to be raised. The majority party shows no sign of willingly cutting back on spending.
1 posted on 05/25/2004 5:53:28 PM PDT by concentric circles
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To: concentric circles
The day will come, when spending by the legislature will have to be vetoed or taxes will have to be raised.

That day has already come:

1)A $15B bond has been authorized
2)State user fees have risen dramatically under the Schwarzenegger administration.
3)Local communities are being forced to raise the sales tax to offset the losses to the state.
4)The limit on property tax increases is under attack by state, county and municipal governments.
5)"Special Service Districts" are being proposed at the largest rate in history.

The sentiment expressed is, I'm afraid, simply a historical note.

2 posted on 05/25/2004 6:54:53 PM PDT by Amerigomag
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To: concentric circles; Amerigomag; calcowgirl; FairOpinion
The Legislature's nonpartisan analyst, Elizabeth Hill, provided her own sneak preview Monday, and it wasn't pretty. Hill said that the governor's proposals, if adopted by the Legislature, would likely result in a new shortfall approaching $8 billion in the fiscal year that begins in the summer of 2006.

As I recall, Arnold promised to, "cut up the credit cards," if voters authorized borrowing $15 billion.

So, the voters gave him the money and what does he do?

An $8 billion deficit two years out isn't even close. I have yet to hear about a significant layoff or a single major program cut. This with the additional burden he has placed on local government to raise taxes to stay afloat.

What a gutless weasel.

3 posted on 05/25/2004 7:47:52 PM PDT by Carry_Okie (Privatizating environmental regulation is critical to national security.)
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