Posted by Michael Der Manouel, Jr. at 12:00 am on Dec 15, 2007 Comments Off on Three Things You Need To Know About This Budget Crisis
Actually, there are a thousand things you need to know about
this budget crisis, but let’s do three, real quick:
1. We haven’t even sold the "infrustructure" bonds passed
last November, and now we really can’t due to our budget
situation. This is why the Lincoln Club of Fresno County
opposed the bonds in the first place. Most journalist don’t
know what a bond is, so this isn’t being mentioned in budget crisis
coverage.
2. Working on a "health care deal" during this crisis
isn’t even stupid – its just plain political malpractice. The
resulting ballot initiative in November, 2008, aimed at raising our
taxes, will be a defining issue for the GOP and actually give the
State GOP something to do this year. Yes!
3. Assembly Leader Mike Villines yesterday to me: "tax
increases are dead on arrival in the State Assembly, there isn’t a
revenue problem." The Governor better get his meat cleaver
out. Villines told me yesterday that even termed out
Republicans won’t support new taxes.
Even the most elemental analysis of the state budget over the
past several… Read More