In recent days, Governor Brown gave voters a good reason not to support his tax hike this November...he just keeps spending money he doesn't have!!
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He keeps spending on pensions, and he pushed through a $68-billion dollar high-speed rail project. In effect, he's asking voters to tax themselves for his poor fiscal management.
Here are the facts:
The tax hike measure is expected to raise between $15 and $18 billion in its first three years. But the shortfall California faces in funding its retiree benefits along with servicing the rail debt totals is about the same amount.
The voters shouldn't pick up the tab for Brown's fiscal failures. They should not vote for the tax hike.
Clearly, he's not going to back out of the high-speed rail project and even if the legislature attempts to take up pension reform this month, it's too little too late. He should've demanded his legislature enact serious and immediate pension reform and he should've postponed the bullet train.
Both of those moves would've shown the type of courage and leadership that difficult economic times demand.
Thanks for listening.
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