
Senator McClintock’s Floor Remarks On the State Budget
I got ahold of these last night but didn’t have an opportunity to post them until early this morning. From the godfather of fiscal prudence:
"Here is the great paradox of the budget before us: despite a 23 percent increase in revenues in the last three years, we’re running the biggest deficit in California’s history.
"Let’s review the numbers.
"Income: $94.4 billion
"Spending: $101.3 billion
"Deficit: $6.9 billion
"We’ve enjoyed astounding 23 percent revenue growth these past three years – thanks in large part to the Governor’s determination to roll back the… Read More