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Politics : IMPEACH GRAY DAVIS! -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (201)	1/12/2003 8:03:44 PM
From: Jorj X Mckie	Respond to of 1641

hell, I don't know when her term is up. The way things are going, there could be a mass exodus of both industry and people. The lunatics have taken over the asylum.

To: Lizzie Tudor who wrote (201)	1/12/2003 8:41:47 PM
From: Lizzie Tudor	Respond to of 1641

this article is right on, imo For the past three years, the governor has ignored signs from Wall Street and Silicon Valley that their historic loss of wealth would eventually equal a historic loss of budget funds. And even while complaining about the state's defective boom-to-bust tax system Friday, he failed to offer the "structural reforms" he now says the state so desperately needs. ... Davis pointed out Friday that available state funds are now about $4 billion less than when he became governor in 1999. The most shocking decline could have been predicted earlier -- although perhaps not its current magnitude -- after the technology industry collapsed in 2000. ... But last year, in order to balance the books, the state simply shifted money around and borrowed from the tobacco litigation settlement. This allowed the budget to pass with help from the handful of Republicans required to approve the budget with a two-thirds vote. But now a large portion of the $34.6 billion shortfall comes because those one-year budget maneuvers must be reconciled. sfgate.com