Arnold Schwarzenegger,  California,  Tom McClintock

Arnold Schwarzenegger Watch: California Budget Deficits On The Horizon

Former California Governor Gray Davis, right, speaks to Governor Arnold Schwarzenegger as former Governor Pete Wilson, left, looks on, during a news conference Thursday Aug. 23, 2007 in Los Angeles. The three along with members of the Voices of Reform Coalition including Common Cause and League of Women Voters met to discuss ways promote a fundamental change in the way political boundaries are drawn to insure fairness and transparency in elections.

The California budget stalemate ended this week but all is not well with the state budget.

It is ironic that Governor Schwarzenegger is being touched above by former California Governor Gray Davis who was recalled (and replaced by Arnold) partly because of his huge budget deficits.

Tom McClintock, Flap’s California State Senator sees stormy economic clouds on the horizon.

Flap sees tax increases or bonds to raise state revenue because the Governor cannot control spending. If the economy goes south, the Governator may be in the same predicament as his predecessor, Gray Davis.

Previous:

Arnold Schwarzenegger Watch: Health Care FLOP


Technorati Tags: ,

Add to Google

Subscribe with Bloglines