Guest Commentary: Jon Coupal – “Shades of Gray Davis”
Today we are pleased to feature this guest commentary from Jon Coupal, President of the Howard Jarvis Taxpayers Association…
Shades of Gray Davis
The State Capitol is hemorrhaging red ink. The non-partisan legislative analyst’s office (LAO) has released a report showing that the revenue shortfall from the budget just passed in August could exceed $10 billion. Fortunately, the governor and the Legislature established a modest $4 billion reserve or the deficit would be much higher. How did we get into this mess? If this seems like déjà vu all over again, you’re right. It’s been just seven years since then Governor Gray Davis, who inherited a budget surplus, began to run up massive state deficits… Read More