Arnold Schwarzenegger,  California,  Election 2006,  Politics

Arnold Schwarzenegger Watch: Billions in NEW State Spending

January 10, 2006 /

California governor Arnold Schwarzenegger smiles during a news conference at the Northeast Valley Health Corp in North Hollywood, California January 9, 2006. Schwarzenegger was back at work Monday after suffering a minor motorcycle accident that required a hospital visit to receive 15 stitches to treat a cut lip, his office said.

Los Angeles Times: Schwarzenegger’s Budget Would Trigger Billions in New Spending

He wants to increase funding for education, transportation and healthcare. Analysts ask if the state will be able to afford the future costs.

Gov. Arnold Schwarzenegger, a crusader for fiscal restraint since he was elected two years ago, will unveil a budget today that would trigger billions of dollars in new spending well into the future.

The governor plans to increase funding for education, healthcare and transportation programs. Much of it is spending that the state would continue to be responsible for in future years.

Schwarzenegger’s spending plan comes at the same time he is proposing — independent of his budget — to bring before voters $68 billion in new borrowing to improve the state’s roads, bridges, ports and levees over the next 10 years. Californians would need to begin paying for that by the end of next year.

It all comes as California’s $115.7-billion budget remains chronically imbalanced and as the state is expected to lose billions of dollars in federal aid over the next several years. Even without the governor’s new programs, the state was projected to spend more than it takes in through 2010.

The Governor’s plan is FLAWED and will NOT receive voter approval.

This is NO MORE than another TAX and SPEND political scheme designed to help his re-election candidacy.

Watch for a Republican Primary Challenge or Third Party candidacy to derail Schwarzenegger’s re-election hopes.

Stay tuned…..

Dan Walters: But as he launches “Governator III,” he may find that abrupt shifts of public persona grate on voters.

Phil Angelides – Democrat Candidate for Governor: “We need to do more than we are doing — the governor’s plan is full of a lot of hype and has numbers that don’t tell the truth.”

Previous:

Arnold Schwarzenegger Watch: Reaction to Governor’s Speech – NEGATIVE


Arnold Schwarzenegger Watch: California 2006 State of the State


Arnold Schwarzenegger Watch: Toll Roads in California’s Future?

Arnold Schwarzenegger Watch: Infrastructure Bond Trial Balloon – $25-27 Billion


Arnold Schwarzenegger Watch: Governor Expected to Propose College Fee Freeze

Arnold Schwarzenegger Watch: California Infrastructure Bond Will NOT Include Tax Increases


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Arnold Schwarzenegger Watch: Here Come the Tax Increases

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