Posted by Ray Haynes at 12:00 am on Jul 20, 2007 Comments Off on A Little Off Topic
Ok, so everyone will be talking about the budget today, and we
will hear lots of comments about the budget, about bloat, about
special interests, and the like. The good news–it has tax
cuts in it. I hear that the Democrats have all the signatures
they want on the term limits initiative and want to turn it in as
soon as possible. They don’t want to turn them in while the
budget impasse continues. Something about bad public
relations or something. The bad news, it still has a $105
billion spending plan, and keeps the structural deficits. To
put this in perspective, the first budget I voted on was a $40.9
billion general fund plan. The budget when Gray Davis took
office was $57 billion general fund, and when Schwarzenegger took
office it was $78 billion general fund. Interestingly enough,
all of the Davis increases ($21 billion) took place in his first
two years in office, and then the budget collapsed.
Schwarzenegger has increased the budget by $27 billion in 4 years,
and it continues to grow.
The truth is, this budget was lost in January when the Governor
submitted the budget.
But now for the off topic subject.
Two weeks ago,… Read More