Word: arnolds
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Dates: during 2000-2009
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...limiting spending cuts to about $5 billion. And what of the extra $17 billion in debt? Paper over some with rosy economic forecasts and accounting tricks, but borrow $15 billion to keep the creditors at bay. Yes, borrow in order to fund…borrowing. This comes after Arnold attacked Gray Davis in the recall campaign for the “fiscal mess” that his predecessor’s plan to borrow $10 billion would cause...
Rather than using his extraordinary popularity to fix California’s biggest problem, Arnold has used it to make the problem last longer...
...Arnold requested—and the Democrat-dominated Legislature passed—a bill that pushed Propositions 57 and 58 onto California’s ballots last March. And almost as soon as it became known that Governor Honeymoon supported them, both measures passed comfortably...
...Arnold were less ambitious for the Republican presidential nomination (28th Amendment, here we come!), he would also violate the right-wing shibboleth against ever seeking more revenue and fight for a fairer, simpler, and less capital-gains-dependent California tax code. And he would cash in October’s Ohio campaign trip and demand that President Bush return some of the $60 billion a year in federal taxes that California fails to get back in federal spending...
Once the debt is gone, once the tax code is reformed, once California gets its fair share from Washington, Arnold could direct the klieg lights where they really belong—on preparing California for the future, and abolishing confusing voter initiatives that mandate irresponsible spending increases and guarantee fiscal insanity. And he could target investments in classrooms and mass transit, fix a broken workers’ compensation system, and help attract back the jobs that are fleeing for less expensive states. But he cannot be The People’s Governor until he stops just acting...