Brown urges steps to end ‘zigzag of spend-cut-spend’
By John Myers, Los Angeles Times
In a short speech with a long view of California, Gov. Jerry Brown used his State of the State address to challenge lawmakers to better balance the cyclical nature of success and setback that has dominated state government for the better part of two decades.
“The challenge is to solve today’s problems without making those of tomorrow even worse,” the governor said in his annual speech delivered from the Assembly chamber Thursday.
Brown, interrupted by occasional applause from legislators, touched on themes that included California’s drought and the challenges of income inequality and terrorism.
Arnold was Governor from 2003 to the end of 2010 and had budget deficits in 6 of those 8 years; two of those years over $35 billion. Arnold let Texas off the hook for the ENRON energy heist for half a penny on the dollar.
Jerry balanced the budget in two years and is saving money in the State’s rainy day fund. Pretty good if you ask me.
Its always good when you tax the crap out of the people!
Kits. So, it is better to float a $15 billion dollar bond (Arnold) and continue to run in the red? No.
The majority of tax increases were on higher incomes.
My Grandpa had a great saying, “tax the rich, they can afford it.”