It’s long past time to cut up the state’s credit card – now we have another 6 billion in debt obligations…
Every time legislative Republicans provide the votes to use the state’s credit card — borrowing through the issuance of bonds — it’s a big win for Democrats, and very bad news for California taxpayers. For decades now, the state budget has continues to grow and grow to the point where it is now well over $100 BILLION annually. Translation: California taxpayers are paying way too much in all of the various types of taxes and fees that go to finance state government activities and programs. With strong majorities in both houses of the legislature for many decades (with a small blip for a moment in the mid-90’s where we had a Republican majority in the Assembly for one session), it has been voracious appetites of liberal Democrats that have let us to this unfortunate spot ("Best Supporting Actor" awards go to those GOPers who roll to provide the 2/3 votes needed to pass a budget). Republican Governors were not successful at stopping this growth in… Read More