Word: arnolds
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Dates: during 2000-2009
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Apparently everybody’s heard of this Arnold Schwarzenegger fellow, my home-state elected governor...
Unfortunately, almost nobody sees that Arnold has already squandered his chance to meet California’s most serious challenge: paying off over $22 billion in debt—caused not only by the (Texas power company-induced) energy crisis, and the collapse of capital gains revenue from Silicon Valley, but also by costly voter initiatives, promoted by selfish special-interests, that mandated an uncontrollable spending explosion. By law, no California governor can touch the Prop 98-guaranteed 40 percent of the budget directed to an ineffective—and ever-growing—education bureaucracy, and the teachers?...
...cost may be an issue in the short term, but the California proposition has checks in place. Proposition 71 is funded with self-financing state bonds that do not cost the state government anything for the first five years. This has won the support of deficit-conscious Republican Governor Arnold Schwarzenegger. Once funding of research has begun, California retains the right to share in royalties. Additionally, if stem cell research reaches its potential California could easily recoup its losses by cutting its $110 billion annual health care spending...
Attorney General John Ashcroft or Homeland Security Secretary Tom Ridge too could catch the presidential bug. There's always the chance that a Draft Arnold movement could emerge, leading to the speedy passage of a constitutional amendment that would allow the Austrian-born Schwarzenegger, Governor of California, to make...
...ARNOLD A. LAZARUS...