Unprecedented budget deficits at the local, state and federal levels of government should not be cause for despair, but rather taken advantage of to force the public sector to confine itself to its constitutionally delegated powers. In last Thursday’s (June 18, 2009) Orange County Register, columnist Shawn Steel jumped on a bandwagon I’ve been…
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Tag: California deficit
William Shughart | Wednesday June 24, 2009 at 7:52 AM PDT
Randall Holcombe | Tuesday May 26, 2009 at 11:29 AM PDT
As a Floridian, I’m looking at California’s budget mess with some amazement. The state’s 2009-10 budget is $111 billion, up 6% from the prior year, and $25 billion more than the year’s projected revenues of $86 billion. The budget’s expenditures are 29% greater than projected revenues! Yes, times are tough, we’re in a recession…
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David Theroux | Sunday January 25, 2009 at 7:22 PM PST
Voted in as Governor of California in a 2003 recall election of Gray Davis and his then $34.6 billion state government budget crisis, Arnold Schwarzenegger has since presided over a 40% increase in spending and a projected $42 billion deficit for the current fiscal year. At the Sam Adams Alliance’s Sunshine Review, the National…
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