McClintock’s Call to Action on Budget
This just came over from State Senator Tom McClintock, pardon any odd formatting as I am posting it up from my Blackberry….
ASSEMBLY REPUBLICANS COLLAPSING ON BUDGET TONIGHT! THE VOTE IS SCHEDULED FOR 8:15 PM TONIGHT. PLEASE CONTACT ASSEMBLY AND SENATE REPUBLICAN OFFICES AND DEMAND THAT THEY HOLD FIRM FOR A BALANCED BUDGET. The Assembly is convening tonight to adopt another seriously out-of-balance state budget (SB 77). Worse, it sets in motion obligations that will cause a catastrophic shortfall for the following year. And worst of all, it plans on continuing the process of “escheat,” in which the state controller loots safe deposit boxes, retirement and college funds – any assets that are idle for just three years – to deposit in the general fund. Even though a federal court has ordered them temporarily to halt this practice, they are still counting on resuming it – or having taxpayers pick up the difference. Because it takes a 2/3 vote to adopt the budget, Republicans can hold firm to demand what they promised California – a state government that lives within its means. If this budget is adopted as it now stands, it will be due entirely to… Read More