Posted on 02/14/2006 6:50:10 PM PST by DogByte6RER
Will the governor be an oak or a willow?
Remember 'live within our means'? Schwarzenegger should find a frugal way to rebuild California.
By Mike Spence
MIKE SPENCE is president of the California Republican Assembly, the state's oldest volunteer Republican organization.
February 14, 2006
ONE YEAR AGO, Gov. Arnold Schwarzenegger declared at his State of the State address: "We don't have a revenue problem. We have a spending problem."
But what has he done about it? Within two months of failing to persuade voters to "live within our means" in last year's special election, the governor has now raised the white flag of surrender to the spending lobby by proposing a $222-billion infrastructure plan, which would include a record $68 billion in bonds, various fee increases and a $2.6-billion operating deficit this year, with another $29.3 billion of red ink projected for the following four years.
It seems we still have a spending problem.
Certainly California needs much of the investment in roads, schools, flood control and other items outlined in Schwarzenegger's recent State of the State speech. Sacramento's governing class has collectively ignored the problem of building infrastructure and created barriers to construction by increasing regulation and mandating above-market wages, all while raiding funds dedicated for these projects to cover still more budget shortfalls. But maxing out the state's credit cards is not the solution.
What would the governor's plan mean for average Californians?
(Excerpt) Read more at latimes.com ...
Link over to: http://www.californiarepublicanassembly.com/
ROFL
Prop 76 authorized borrowing another $8B to help us "live within our means".
Politics, like all else in life, is truly in the eye of the beholder.
Answer: a disaster. However, like millions of other Boomers in California, my wife and I are planning to LEAVE California when we retire. We are moving to tax friendly state. Sorry, Buh-Bye!!
Mr. Spence. You conveniently failed to mention that their overtaxed citizens would also exclusively benefit from those improvements.
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