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The $23.6 billion hole is from the Davis mismanagement of last summer's power crisis!

And it could happen again this summer because power plants are not being constructed and others are not being allowed to run!

The plants at huntington Beach are not yet running because of City and State obstruction tactics

1 posted on 07/10/2002 10:21:07 AM PDT by Ernest_at_the_Beach
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2 posted on 07/10/2002 10:23:11 AM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach
"There isn't any money," said Sen. Steve Peace, D-El Cajon.

Translation: 'There isn't any money that we can get without layoffs of State workers.'

Peace said Democrats have said "they believe that we've cut to the bone,"

That's only a skin-peel, Steve, The flab is under the skin.

Try liposuction.

3 posted on 07/10/2002 10:29:11 AM PDT by Carry_Okie
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To: Ernest_at_the_Beach
They'll close the gap. All CA employees are getting paid minimum wage until there is a budget. Look for them to get it together next April...

After no State workers are around to get their minimum wage checks for three or four months. :-(
4 posted on 07/10/2002 10:30:28 AM PDT by L,TOWM
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To: Ernest_at_the_Beach
Tsk Tsk Tsk!!! The Kaliforni DemoRat Socialist Commies would like you all to cool it. They're working on it, OK :-? LOLOL

Hold Out Republicans, Don't Bend.
DUMP DAVI$ & the Den of Socialists

GO SIMON

5 posted on 07/10/2002 10:33:35 AM PDT by NormsRevenge
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To: Ernest_at_the_Beach
The $23.6 billion hole is from the Davis mismanagement of last summer's power crisis!

Actually to be fair, it is from overly optimistic revenue forecasts, too low a reserve fund, the power crisis, the inability to say "no" to groups wanting more money from the state budget, and a host of other things which can be summarized as "lack of leadership."

11 posted on 07/10/2002 11:09:11 AM PDT by Robert357
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To: Ernest_at_the_Beach
The budget shortfall has very little to do with the Davis' energy mismanagement.

It's primarily driven on his (and the legislature's) spendthrift ways. Budgets in the last few years were growing at double digit rates while inflation remained in the 1-2% range. They basically counted on the capital gains tax receipts (from all of the dot.bomb zillianairs) to be a permanent fixture. Anyone with half a brain would know that it was unsustainable. Permanent expenditures should be based on permanent receipts. It's like the guy (making $50k per year) who wins $4,000 in Vegas going out and buying a house with a $4,000 per month mortgage payment. You're fine for the first month, but then what?
13 posted on 07/10/2002 11:59:54 AM PDT by Cousin Eddie
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To: Ernest_at_the_Beach
What are they doing to the plants in Huntington Beach, Ernest?

(No wonder nobody wants to build or run power plants in California - if you can't run them, what's the point?)

As I recall, we had a $12-billion odd hole from the power crisis; the rest is more spending increases such as the raise for the prison guards union after they gave Davis a nice contribution.

Only in government finance is a 22% increase in the budget called "cuts". I don't know how those wacky government folks think they can ever keep spending down. (22% = $80 bln last year, $98bln this year).

I still want to see a spending freeze - that is, a real spending freeze. $80bln this year, $80bln last year. Considering that we had a 1999 budget of $60bln, that should be more than adequate.

D

15 posted on 07/10/2002 2:08:38 PM PDT by daviddennis
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