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To: deport
Except that what Arnold said is wrong. Not that I hold it against him. But Arnold is the most clearly wrong, because he has taken cutting educational spending off the table, which makes him indubitably, ineluctably wrong (even with educational cuts on the table, it is wrong). There is no way in that instance of balancing the budget no matter what absent tax increases. None. And California's budget just be balanced next year, because it has looted all its trust funds, and has no more borrowing power. None.

Even a fiscal scorce the Earth cutting jihad, signed off by the legislature (LOL), and even if all adopted by a package of about 8 intiatives, all passed, would require temporary tax increases to cover the black (red) hole for about two years. Why is this so hard for folks to get a grasp on? California's revenues are about 70 billion, and the outflow is about 100 billion. Write that down.

196 posted on 08/26/2003 10:23:46 PM PDT by Torie
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To: Torie
There is no way in that instance of balancing the budget no matter what absent tax increases. None.


So Tom has lied...... about tax increases then?
199 posted on 08/26/2003 10:25:30 PM PDT by deport
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