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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (2622)	6/23/2003 7:02:25 PM
From: KLP	Read Replies (1) of 793914

Citizens should DEMAND (that word again) their elected officials have at least a minor in finance and accounting both before they run for office. All levels of elected officials! And all of them should have at least 5 years of working with a company (any size), and at least 2 years of working for themselves. Maybe they would do a better job. One of the consulants in the article you posted said California is an extreme example." I'll say! This shouldn't suprise most of us... California, the worst-performing state in the analysis, did the opposite. It approved huge spending increases and tax cuts during the boom. When the economy soured, the state began borrowing money and using accounting gimmicks to avoid its day of reckoning. Today, it continues to spend $1 billion a month more than it takes in.

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