As the State Senate was debating the budget that was rejected by over two thirds of Assembly Republicans, Tom McClintock gave the following floor speech. As you read this, we are all in solidarity with Tom and his colleagues who have been "locked in" to the Senate chambers…
Mr. President:
A year ago, this legislature adopted a budget that ran up the biggest general fund deficit in California’s history. The architects of this budget admit to adding another half billion dollars to the cumulative shortfall, and expect that this looks good in comparison.
There are two problems. First, by their own numbers, this budget sets in motion a deficit next year of between $5 ½ billion to $7 billion (depending on how you account for reserves). That means the five-year cumulative deficit under this administration will be roughly twice what it was under the five years of the Davis administration. BY THEIR OWN NUMBERS.
Here’s the second problem: the ACTUAL numbers are much worse, because of billions of dollars of gimmickry that borders on the ludicrous.
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