“On Wednesday we start a fiscal year with a massively unbalanced spending plan and a cash shortfall not seen since the Great Depression,” said John Chiang, the state controller. “Unfortunately, the state’s inability to balance its chequebook will now mean short-changing taxpayers, local governments and small businesses.”
Oh, the headlines and the pundits will lay it at figurehead Shwarzenegger's door, and the articles will talk of recalcitrant Republicans who just wouldn't go along with the Democrats plans to take more money out of California taxpayer's pockets, but make no mistake, it is the Democrat Party that has been in power in California now for a decade or more - they are the ones who have driven the state to it's current condition.
Their answer is and always has been they just need more money from you - but the fact is they overspend no matter how much they get. If you give them 100% of all your earnings they will spend 120% and cry for more. They have no self-control, they are not working in your interest, and they ought to be jailed for what they have done.
They like to talk about 'holding people accountable' - it's time THEY were held accountable.
Instead, they are launching efforts to make it easier for them to raise taxes, so that they do not have to have a supermajority to do so.
And, finally, there's this:
Mr Schwarzenegger said he would veto any bills that raised taxes without reforming the state’s government. “I will veto any majority vote tax increase bill that punishes taxpayers for Sacramento’s failure to live within its means,” he said. ”The legislature will have a difficult time explaining to Californians why they are running floor drills the day before our budget deadline. We do not have time for any more floor drills or partial solutions. It’s time for the legislature to send me a budget that solves our entire deficit without raising taxes.”
He'll take heat for that - and people will ignore or forget that we already have some of the highest state income taxes in the nation, highest sales taxes in the nation, highest vehicle registration fees in the nation... and more.