Skip to comments.
CA: Bond, spending cap are a package deal
OC Register ^
Posted on 12/05/2003 10:43:29 AM PST by NormsRevenge
Edited on 04/14/2004 10:06:29 PM PDT by Jim Robinson.
As Gov. Arnold Schwarzenegger pushes a plan to put before voters two initiatives - a $15 billion bond and a spending cap - to fix the state's budget crisis, the state's Democrats are showing they have yet to understand the clear message of California voters: No new taxes. Had the public wanted tax increases to fix a problem caused by overspending, they would have voted differently in October.
(Excerpt) Read more at 2.ocregister.com ...
TOPICS: Business/Economy; Culture/Society; Editorial; Government; Politics/Elections; US: California
KEYWORDS: bond; calgov2002; catrans; knife; packagedeal; schwarzenegger; spendingcap
posted on 12/05/2003 10:43:45 AM PST
Do we know what a 15 billion bond over 30 years costs? Everyone of these pols/ actors, etc (excluding McClintock) NEVER want to face the problem head on & make the people who allow this out-of-control spending pay for their sins but rather make their children pay it. See why soon the new bumper stickers will be "Don't blame me - I voted for McClintock"
posted on 12/05/2003 11:34:56 AM PST
Just think, if they do nothing, by June the State will be bankrupt and will have to cut spending as long as the RINOcrats don't raise taxes...
posted on 12/05/2003 12:04:13 PM PST
(There are people in power who are truly evil.)
I feel really sorry for CA. I thought they were getting at the very least a fiscal conservative. He turns out to be a total RINO, even fiscally. What happened to the real Terimnator image and cutting the size of the govt with a sledge-hammer. Bond issue now translates to tax increases in the future. CA will officially become a third world country if it floats a bond issue to run the government. This is the best time to gut the government. I feel really sorry for California.
To: Digger; Carry_Okie
"Republicans have proposed a plan to borrow as much as $15 billion, and repay it over 30 years."
30 years from now California will be under Mexican control and they'll be saying, "We ain't paying this bond because we didn't authorize it!"
posted on 12/05/2003 2:06:00 PM PST
(Wave your flag, don't waive your rights!)
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson