My statement on the May Budget Revision…
“The budget cuts proposed by Governor Schwarzenegger are tough ones – but are realistic ones, given that revenues simply aren’t available to fund state government and its spending programs at their current level. The reality is that California is in a recession, and when the economy restricts, that means that the size of the state government must do the same. What cannot be on the table – which seems to be acknowledged in this May revision – is asking already over-taxed Californians to pay more in taxes. Blame lies on the Democrats for the tragedy of this situation – which has been directly caused by excessive social program spending, massive and unsustainable concessions to public employee unions, and draconian regulations that have caused terrible damage to this state’s economic health.
I commend the Governor for having the courage to set out as a priority in this budget debate the protection of taxpayers, who do not have well-heeled lobbyists to represent their interests in budget negotiations.”
Here the Governor’s page with lots of information on the May Revisions…
May 15th, 2010 at 12:00 am
We are witnessing massive changes discussed in the book “THE WORLD IS FLAT.”
California has missed out lost in the fog of enviro regulations, confiscatory taxes, AB 32,nasty cultural clashes, accession/cornonation of government workers as LORDS.
Large gov. labor forces, unions, multinational corporations are fighting for scare capital and survival while computers, fiber optics, mobile communications makes the management of cheap labor and natural resources in emerging lands highly profitable.
Deleveraging and redploying capital in California from the government sector to promising emerging industries and technogies will revitalize California…
But expect about 20 yrs. of nasty battle before reality sinks in for our “five year planners” and legislative Comrades in Sacramento.
Can you wait 20 yrs?