CA: Tom Campbell campaigns for Prop. 76 (threatening tax increases)

Contra Costa Times, CA ^ | Sep. 15, 2005 | Elise Ackerman

[Czar]

"BTW, given your past posting history, I find you trying to use Tom McClintock as a selling point is pretty disingenuous. You trashed him at every opportunity."

Oh my. It seems we have the ugly specter of hypocrisy raising it's head.

How about it, newzjunkey?

[calcowgirl]

Well, Tom is running for Lt. Governor and will hopefully get some support from the CAGOP this time around. I suppose he is trying to look at the bright side and bite his tongue a bit on the negatives.

To fund last years budget, in addition to the huge Prop 57/58 borrowing, Arnold borrowed a bunch of money from education, transportation, and local governments. Ordinarily, these dollars would have to be paid back over the next couple of years. What this Prop does is to authorize bonds for repayment to the respective funds and then provides for the bonds to be paid back over the next 15 years. As such, more near-term budget revenue is freed up to spend on other things (avoiding cuts and/or tax increases).

I don't think Arnold has any intent of making deep cuts. He is just looking for an excuse to raise taxes. If Prop 76 doesn't pass, he can use that as an excuse.

[Czar]

"What this Prop does is to authorize bonds for repayment to the respective funds and then provides for the bonds to be paid back over the next 15 years. As such, more near-term budget revenue is freed up to spend on other things (avoiding cuts and/or tax increases)."

I keep looking for a reason to say YES on Prop. 76 and you continue to give me reasons for voting NO.

So far it's a NO.

[calcowgirl]

Funny how the stories change over time. I suppose "save" really meant "defer":

CA: Schwarzenegger takes reform agenda on the road to San Diego ,
Associated Press, April 11, 2005

"We're going to save, I guarantee you, $5 billion for the state because of this election we're going to hold," the governor said, later asking for SAIC employees to sign his initiative petitions. He did not explain how the money would be saved.

[Czar]

"Funny how the stories change over time. I suppose "save" really meant 'defer'"

No doubt...