Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: John Jorsett
State Sen. Tom McClintock, a fiscally conservative Northridge Republican running for state controller in November, is so concerned he's calling for an immediate moratorium on long-term borrowing.

"Debt service is rapidly consuming an increasing portion of this and future budgets," says McClintock. "When you've just lost your job, you don't take out a home improvement loan."

McClintock has taken to traveling with what he calls the California Debt Clock.

"We're adding over $1 million in new debt per hour, and that's all money that will be tacked onto your future taxes unless we restore sound fiscal management to this state," McClintock says.

"The debt clock helps us communicate to fellow Californians that we need to eliminate the waste and out-of-control spending that's driving up our debt and fueling the call for more taxes," he says.


DUMP DAVI$ & the Den of Socialists

GO SIMON

5 posted on 07/01/2002 9:15:40 AM PDT by NormsRevenge
[ Post Reply | Private Reply | To 1 | View Replies ]


To: NormsRevenge
Rush said today that Simon is running NINE PERCENTAGE POINTS ahead of Doofus in a democrat-sponsored poll!
33 posted on 07/01/2002 2:19:34 PM PDT by snopercod
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson