Schwarzenegger Proposes Billions in Cuts (No new taxes)

AP ^ | Jan 9, 2004 | TOM CHORNEAU

[TheDon]

Gov. Arnold Schwarzenegger (news - web sites) holds up a chart showing what he said was a need for passage of more then $15 billion in bonds while discussing his proposed 2004-05 state budget during a news conference held in Sacramento, Calif., Friday, Jan. 9, 2004. Schwarzenegger's proposed $99 billion budget includes cuts in spending in the state' s medi-cal program, welfare to work programs along with user fee increases for state parks and college students. (AP Photo/Steve Yeater)

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[TheDon]

According to estimates updated this week, the state will have a deficit of nearly $27 billion by June 2005 — created by an existing deficit of $12.6 billion run up over the past three years and a projected shortfall of $14 billion by the June 30, 2005.

Schwarzenegger and the Legislature have put a $15 billion bond issue on the March that would pay off the existing deficit, but the $14 billion projected deficit for next year remains.

What a mess! It's amazing the Demrats will even show themselves in public.

[The Old Hoosier]

social service advocates

IE, government parasites.

[Feiny]

They have no shame at all. They spent us into this mess & now they say Arnold is punishing the poor & disabled. PULEEZE!

I think there should be some committe eliminations along with several hundred "consultant jobs" eliminated. That would be another billion or two.

[FrontlinesofFreedom]

The 15 billion dollar initiative latest polls show it losing if vote was held today... maybe the CA voter isn't as stupid as I thought

[LS]

I haven't seen much contrition from all the Freepers who "just knew" Arnold was going to raise taxes.

[KellyAdmirer]

It's a good start. I note that he is in fact keeping his promise to keep the tuition hikes for undergrads to 10%, as usual the scare stories from yesterday are incorrect. The beauty of the liberal agenda from their perpective is evident - any rollback of the huge liberal spending programs of the past is "balancing the budget on the back of the poor and needy." Naturally, anything they get now is just inviolate to them. That's how governments decline and fall over time, the built-in costs just get overwhelming over time and their constituencies too powerful. They will keep their greedy hands out until the end.

[george wythe]

AP Article, not excerpted.

[Tempest]

That! That! RINO!!!! < /sarcasm >

[The Old Hoosier]

Wait till the bond fails.

[carsonsig]

about time someone got off their ass and did SOMETHING
with all those cuts, it is still only have of next years shortfall.

[Kay Soze]

Stupid conservative!

[Pukin Dog]

When the bond fails, Arnold declares the state bankrupt. All contracts are canceled and every union must renegotiate. Billions will be saved.

[Recovering_Democrat]

Schwarzenegger did not include any new taxes in his budget plan Friday, but in addition to the cuts, he requested higher state park fees and tuition increases... with undergraduates paying 10 percent more, graduate students paying 40 percent more...Community college students would be asked to pay $8 per unit more — from $18 per unit to $26.

Oh, Dear God in Heaven Above!! No!! Don't make students pay for their education!!! Especially those graduate students who often are academic milquetoasts who think Michael Moore is God's gift to documentaries.

<\SARCASM>

[TheDon]

Hmmmm...I thought it was the WP and the LAT.

[Ernest_at_the_Beach]

Community college students would be asked to pay $8 per unit more — from $18 per unit to $26.

That is reasonable. We might even see more serious students!

[george wythe]

Sorry about my post. please ignore it.

Please see this

[hunter112]

I note that he is in fact keeping his promise to keep the tuition hikes for undergrads to 10%

I like the fact that the graduate school tuition is taking the bulk of this. Most graduate programs are either going to lead to lucrative employment, in which case the student can pay back society through loan payments, or are in the study of unnecessary crap that somebody shouldn't have even gotten an undergraduate degree in to begin with.

Arnold's acting like I expected him to, we need a Terminator here in the People's Republic of Washington!