When I joined the state legislature in 1992, total state general fund spending was $42 billion. Our bonded indebtedness was about $15 billion. The Legislature talked about floating a $3 billion school bond. Today, total general fund spending is $102 billion; our bonded indebtedness exceeds $50 billion, and we have floated $35 billion in school bonds in the last six years. My colleagues in the state legislature still think we are not spending enough money, that we dont have enough money to build schools, and that the people of the state of California are still too cheap because they dont want to pay more in taxes.
2 posted on
10/24/2006 1:56:20 PM PDT by
NormsRevenge
(Semper Fi ...... http://www.pendleton8.com/ ...... http://www.bootmurtha.com/ .. FRee Moooomia)
To: NormsRevenge
Ok I'm just speaking in general terms but I complete agree. I am a gen Xer and I am conservative since Reagan in my teenage years because the hippy baby boomers have trashed everything. Public schools, Marriage,American values, we can't win wars because they bitch and moan until we retreat etc.
To: NormsRevenge
Congratulations. It took the United States until the mid sixties, during the presidency of LBJ, to have an annual budget of $100 billion. California took 40 years to catch up.
5 posted on
10/24/2006 2:11:07 PM PDT by
billhilly
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