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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (231074)	4/29/2005 5:43:40 PM
From: TimF	Read Replies (1) of 1571861

There is no way the state can maintain its huge infrastructure on the amount of property taxes its residential base is generating. Until recently CA spending was growing by leaps and bounds. If they needed the money for basic infrastructure they shouldn't have spent it on so many other things. From 1990 to 2001 CA state spending per person AFTER adjusting for inflation went up 25.9% cato.org As of 2003 CA's taxes where the 6th highest in the country. townhall.com "The state's fiscal problems stem directly from the massive increase in spending during Gray Davis's administration. Between 1998 and 2001, on Davis's watch, spending increased by a whopping 48 percent. Because the state was running surpluses for most of this time, a more stringent balanced-budget amendment would have done little to limit spending or solve California's current fiscal woes. Conversely, a well-designed spending limit would have halted this expansion of government and prevented the current fiscal crisis. If spending had grown by the inflation rate plus population growth since 1998, the 2003 budget would have been $14 billion less and the accumulated surpluses would have totaled over $50 billion. This would easily pay down the state debt and leave a tidy sum for tax relief." nationalreview.com Tim

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