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To: EGPWS
I agree completely. Anything other than spending cuts will be a temporary "solution", which actually would make the long term prospects of the state worse.

Arnold said he wants to bring back business to CA -- that can only be done by giving them tax cuts and incentives, and keeping taxes low, which of course can only provide sufficient revenue to meet spending, if you cut spending.

As I and others pointed out in other thread, CA's problem is not a lack of revenue, but an out of control spending, which they were engaging in, as more revenue was coming in during the market boom. If they kept spending under control, instead of skyrocketing it, just because they got this temporary windfall ( a large fraction of their revenue came from capital gains taxes), we would never be in this situation.

That is why I get rather upset at the thought that we may end up with Bustamante as governor, who will turn CA into a third world type state, then I guess the US won't care if Mexico will buy it back for $1, f course Bustamante wants to hand over to Mexico, even without that.
82 posted on 08/16/2003 3:32:14 PM PDT by FairOpinion
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To: FairOpinion
Anything other than spending cuts will be a temporary "solution", which actually would make the long term prospects of the state worse.

Now THAT is a directive worth looking into for the California people! Whew, finally I see some sense in the posts on this thread.

What is Arnolds platform for cutting spending to put California on track again?

What is Tom McClintocks platform for putting California back on track?

One of the choices has an immediate answer to that question without hesitation, and the other hasn't even given a clue as to what should be done to make this recall election worth while.

83 posted on 08/16/2003 3:47:08 PM PDT by EGPWS
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