Posted by Jon Fleischman at 12:00 am on Dec 21, 2007 Comments Off on Special “Fiscal Emergency” Session Called for Jan 10
Governor Schwarzenegger is framing California’s budget crisis
($15 BILLION and growing) as a spending problem. In conjunction
with the release of his draft budget on January 10, he is calling a
special session of the legislature (under the auspices of a “state
of fiscal emergency”) where he will introduce cuts to deal with the
growing funding gap problem for the current fiscal year.
If you go back to before Gray Davis was recalled, and Arnold
Schwarzenegger rose from his ashes (hiring much of Davis’ staff in
the process), Republican legislators have been decrying the steady
and rapid increase in state spending that has occured in budget
after budget after budget. As such, GOP legislators are resolute
that California taxpayers not pay the price for the Democrat-led
fiscal insanity.
That said, you watch the liberal Democrats scramble and scream
at any proposed cuts in spending. As for me, it may sound
simplistic, but why don’t we just adopt the budget of five years
ago, and acknowledge that our spending increases since then were,
in retrospect, unaffordable and unsustainable!
In the meantime, I guess… Read More