It seems that Walters has backed away from blaming Prop 13 for the overspending of our left wing legislature. Even if Prop 13 was overturned, we can not provide the money the left wingers want to spend for illegals, green wet dreams and left energy wet dreams like those listed below by Walters:
“Lockyer warned against a big water bond issue last year, but Gov. Arnold Schwarzenegger and legislators ignored him. They approved an $11.2 billion bond issue, loaded with pork, that will tap the deficit-ridden budget for more than $20 billion in principal and interest.
Why should taxpayers spend $250 million to finance removal of dams on the Klamath River by PacifiCorp, a utility owned by billionaire Warren Buffett’s Berkshire Hathaway Inc.? Or $20 million for “economic development” in Siskiyou County? The Klamath flows through Siskiyou en route to the sea, but contributes nothing to our water supply.
Nearly $10 billion in unsold bonds would finance a fraction of the proposed bullet train linking Northern and Southern California. But the project’s “business plan” is ludicrously inadequate, with cost, ridership and fare projections that defy reality, and full financing is so far an illusion.”
Because that's the way GANG-GREEN wants things to happen. I strongly suspect the $20 million for the county's "economic development" will certainly not be left up the the local Board of Supervisors to invest without strings to those same GANG-GREEN wet dreams.
And if not, then it's just supposed to be a pacifier and hush money to keep the natives happy with welfare instead of a timber industry that they've already destroyed without cause!!!