California Deficit Spending

On July 1, 2006, in General, by Neil Stevens

$3,500,000,000. That’s the size of the deficit in the budget Governor Schwarzenegger just signed, after a paltry $112 million in line item vetoing, or 0.1% of the total budget.

The question is, though, which would Californians prefer: the deficit, or Angelides’ plans to raise taxes by the billions needed to cover it? We shall see.


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