Living within our means. Seriously this time.In 2004, Arnold Schwarzenegger and Controller
Steve Westly co-wrote and co-sponsored Propositions 57 and 58, measures touted
to "make sure we would never face another deficit crisis." Arnold said, "Under
Proposition 58, California would have to live within its
means."
Now, the Governor (sans fairweather friend Westly) is pushing the Live Within Our Means Act, slated to appear on a ballot in fall of 2005 or the primary in 2006. Critics are starting to point out that Schwarzenegger's last deficit cure-all (which included a $15 billion bond) didn't do the trick. Flawed previous budget measures a problem
for Schwarzenegger
(Knoxville News-Sentinel) This year, as California again faces a multibillion-dollar deficit, the governor has proposed asking voters to approve another new measure - one titled the "Live Within Our Means Act." Deficits are complex problems and take a while to fix, and it's reasonable to expect that solutions take time. But the Governor sold his last budget-balancing propositions as one-time cure-alls, and is campaigning on Live Within Our Means in the same way, i.e., by contending that this one measure will solve California's budget ills for all time. And I think it's clear that he's said the same thing before. Getting down into the bones of Live Within Our Means, one finds a great deal of spending put on "autopilot" and a scary amount of power concentrated in the hands of (you guessed it!) the Governor, removing a web of checks and balances and eliminating the constitutional protection of categories like school spending. The worst-case scenario is that Live Within Our Means will impact the deficit in the same way as Props 57 and 58 (i.e., leave the situation qualitatively unchanged) while giving the Governor an effective line-item veto on spending legislation and gutting social programs and schools. Is the worst case also the likeliest case? Posted: Mon - May 2, 2005 at 11:18 AM | Category: | | | |
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Total entries in this category: Published On: Jul 23, 2006 02:49 PM |
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