No! The governor's own rosy figures show that if his budget is passed, California will run deficits of
$6.4 to $9.7 billion every year for the next four years. If he is successful in recruiting 400,000 more children into the Healthy Families program and the $37.3 billion bonds
pass, the deficits will be much higher. And if the current economic expansion that has been fueled by the real estate boom quits expanding, we could have $20-$30 billion dollar
deficits. Since the Governor advocates big government programs, we will most likely have massive tax increases in 2007. Spending cuts must be made. California's
employee pension system must be reformed. Workers should have a defined contribution plans opposed to the existing defined benefit plans. The University of California
administrators should not get $870 million a year in perks. We should not spend $4.5 billion more on education than Prop 98 requires and the Governor should not micro-manage K-12
education. The voters must reject all of the bond proposals. With just a few common sense adjustments, we could avoid these massive, unsustainable deficits. |