[calcowgirl]

Schwarzenegger also faced criticism from his right flank. Sen. Tom McClintock, R-Thousand Oaks, one of the state's leading fiscal conservatives, criticized the governor for again proposing to spend more than the state takes in.

MORE:

Senator Tom McClintock
Date: January 10, 2006
Publication Type: Press Release

Senator Tom McClintock today issued the following statement concerning the Governor’s budget proposal for 2006-2007:

“Today the Governor released his budget proposal for the 2006-2007 fiscal year.

“It projects general fund spending of $97.9 billion with income of $91.5 billion, for a general fund operating deficit of $6.4 billion. This brings the accumulated three year operating deficit to $9.8 billion.

“This deficit is funded entirely with borrowed funds from Proposition 57, approved by voters in 2004. Although the public was promised that this bond would only be used to pay for past deficits, it is in fact being used to cover deficits for 2004 ($0.6 billion), 2005 ($2.9 billion) and now 2006 ($6.4 billion).

“In November, the Legislative Analyst projected that if nothing were done to rein in spending, the 2006 budget would consume $95.1 billion. The governor proposes spending $2.8 billion above this figure.

“In the last three years, combined population and inflation will have grown 16 percent; revenues 19 percent; spending 25 percent. For the budget year, combined population and inflation will increase 4 percent; revenues 5 percent; spending 9 percent. Revenues continue to outpace inflation and population; spending continues to outpace revenues.

“I have always applied two fundamental tests to a budget: it must be balanced within existing revenues and it must contain a prudent reserve. The proposal as submitted to the legislature fails both tests.”

[calcowgirl]

PING.

McClintock Ping List.
Please freepmail me if you want on or off this list

[SierraWasp]

Well it's about danged time McClintock stepped back out of the shadow of this big dumb dufuss that's duplicated Davis and even superceded that mess making it much worse!!!

It's nice to see Tom recovering his fading courage in spite of the CAGOP's assinie pressure on him to lie low!!!

I hope he's learned his lesson about throwing in with the "Indian Gaming" crowd, most of which aren't even native Americans to begin with!!!

TIME TO STRIKE, TOM... WHILE THE IRON IS GETTIN REALLY HOT!!!

[Carry_Okie]

Note: this is Arnold's budget, what HE PROPOSES to borrow and spend.

“This deficit is funded entirely with borrowed funds from Proposition 57, approved by voters in 2004. Although the public was promised that this bond would only be used to pay for past deficits, it is in fact being used to cover deficits for 2004 ($0.6 billion), 2005 ($2.9 billion) and now 2006 ($6.4 billion).

You mean Arnold... LIED? Gasp! Whoda thunk it?

Cut, CUT, CUT!!!    Not.

I expect that Tom is now back on your hit list, seeing as he's no longer useful towards Arnold's profligate ends.

[LNewman]

I do hereby humbly repent for not voting my conscience in the past for a candidate head-and-shoulders above the rabble.

[Reagan Man]

>>>>“I have always applied two fundamental tests to a budget: it must be balanced within existing revenues and it must contain a prudent reserve. The proposal as submitted to the legislature fails both tests.”

Gov Schwarzy's liberal spending spree marches on. Euro-socialism at its very best.