Davis can either cut spending, raise taxes, or borrow as much as the credit markets will allow.
I wonder which he'll attempt in an election year....
My bet would be on borrowing. If he gets re-elected, depend on a BIG tax raise. Makes me want to plan a move to Colorado!
I know that's a rhetorical question, of course, but not only is it his key to re-election, it's also the way he likes to work -- he did the same in the power crisis, when he was not running for re-election.
I don't understand why this guy wants re-election - he can't do his job and should hand it over to someone who can.
Or does he simply want to hand Simon the poisoned chalice? Simon may have little choice but to drastically cut spending (or even raise taxes) if he's elected, which could start him off on the wrong foot with everyone.
D