Today’s Commentary: At today’s Special Session of the Legislature, will Democrats be listening? They need to be.
This afternoon, in what we are told is a very rare occasion, the 120 members of the State Legislature will convene in a special join session to get an in-depth briefing on the state of California’s finances. What will they be told? Undoubtedly these presentations being made by various officials ranging from Democrat State Treasurer Bill Lockyer, Democrat State Controller John Chiang, Legislative Analyst Mac Taylor, and the Governor’s Finance Director Mike Genest will paint a dire picture of California’s financial condition. Look for a lot of extreme statements about how the failure of the legislature to take action to deal with the current fiscal year’s deficit of at least $12 billion (or is it $15 billion?) will result in dire consequences. Wee will hear about massive lay-offs and an insolvency in state government finance that come the Spring will bring state government spending to a halt. We’ll hear about the state having to issue IOU’s, and no doubt we will hear about how this situation will drastically and negatively impact some of the state’s most vulnerable residents.
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