Schwarzenegger Discipline Shattered by Subprime Slump
What discipline?
The revenues the Government has today compared to 2004 when he took office is up more than 30%. Spending has increased even more.
Bonds make expenses, expenses make deficits. Discipline isn’t proposing a new credit card for programs that don’t fit in the budget. When you do, you end up with a $14 Billion deficit when the payments are due.
The 2003 California State Budget was $98.9 Billion dollars.
The 2007 California State Budget was $143.4 Billion dollars.
