Assembly GOP – Way to go on pay-to-go! – Even crooks have friends.
PAY-AS-YOU-GO: GREAT IDEA! Today, at 11am, Assembly Republicans will release the details on a new "pay-as-you-go" infrastructure proposal, which is summarized today in the lead piece on the FlashReport – and exclusive column from Assembly Republican Leader Kevin McCarthy (pictured to the right). This plan, which McCarthy’s staff says has been blessed by Jon Coupal of the Howard Jarvis Taxpayers Association, represents a major effort by legislative Republicans to fund infrastructure projects in each budget, rather than relying exclusively on a ‘max out the state credit card’ approach to borrowing as much as possible. This proposal just makes the dynamic in the Capitol that much more confusing. The Governor has proposed and aggressive borrowing plan, the lynchpin of while is a massive $68,000,000,000.00 ($68 billion) general obligation bond package to go to voters. Some Democrats (unbelievably) has said… Read More