
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