Fiscal Discipline

Posted at 7:56pm on Jan. 9, 2008 The Governator needs to listen (and live up) to his own promises

By Jeff Emanuel

We should all applaud Gov. Arnold Schwarzenegger’s stark honesty about the disastrous condition of California’s finances in his State of the State address Tuesday. The budget deficit currently being run by the state is $14 billion and, with the recent revelation that another $118 billion will have to be found over the next 30 years to cover guaranteed health benefits for retirees, this number is only poised to increase for the foreseeable future. The Governator is expected to declare the state to be in a state of Fiscal Emergency later this week, and has already proposed dealing with the economic disaster by releasing tens of thousands of prisoners early.

In his State of the State address, Schwarzenegger commendably spoke of responsibly reacting to the budget crisis by committing “to permanently rein in spending” and “not to raise taxes."

Unfortunately, his continued pursuit of the poorly-titled "Health Care Security and Cost Reduction Act" gives the lie to those promises.

Read on.

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Posted at 1:03am on Dec. 13, 2007 Losers Again

By Pejman Yousefzadeh

You know, if the Bush Administration chose to be this tough on the issue of spending when Republicans held Congress, Republicans would still be holding Congress as I write this.

But credit where it is due. Another day, another defeat for House Democrats means that the White House has finally gotten its political operation in order.

Read on . . .

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