Governor Schwarzenegger’s health-care plan/debacle is raising a lot of concern from free-market oriented groups all around the country. Today’s major column from noted Wall Street Journal editorial writer John Fund, a native Californian, is required reading for anyone following the politics of the Governor’s proposal. Fund not only takes to task the Governor’s healthcare proposal, but really lays him out for having the audacity to call the billions of dollars in tax increase within it "fees" — it belies all credibility.
But if that isn’t enough, in today’s issue of National Review on line, there are not one, not two, but three columns blasting the Governor’s proposal as an embrace of liberalism and as an embrace of big government.
Today’s Golden Pen comes from the San Diego Union Tribune, which rightly points out that the Schwarzenegger Administration should be making plans now to deal with the massive impact of having to properly account of unfunded pension liabilities. There is no doubt that this will create massive red ink for the state, and we should be factoring this into the state’s financial picture now, rather than waiting years until final ‘studies’ are complete.
**There is more – click the link**
January 22nd, 2007 at 12:00 am
Thanks for highlighting Chris Reed’s excellent SD Union editorial on the devastating fiscal impact of the generous health benefits given to state government retirees. I am working with the new California Foundation for Fiscal Responsibility to educate the public and decision makers about the costs of pension and health care benefits given to state and local government employees. All Californians who care about fiscally responsible government should play close attention to these crushing long-term obligations. Suffice to say, we will all learn more in the months ahead about these unfunded liabilities that politicians from both parties want to ignore.