Tuesday, December 02, 2008

LeftyWonzo Ahhhhnollld: "We're Banko!!"

Arnold Schwarzenegger, who brought Austrian Socialism to California, will now attempt to bring US taxpayer money there, too.

Disguised as "loans."

Gov. Arnold Schwarzenegger has declared a fiscal emergency and called lawmakers into a special session to address California’s $11.2 billion budget deficit.

The state’s revenue gap is expected to hit $28 billion over the next 19 months unless the governor and lawmakers take bold steps.

So how did that happen? Simple.

...the most tangible legacy of the Schwarzenegger era so far is its explosive growth in state spending. It’s up by $41 billion since Davis left, jumping from $104 billion in the 2003-04 budget (the last one that Davis signed) to $145 billion in the fiscal year just ended, 2007-08. That’s a 40% increase, or 33% on a per-capita basis.

...a great deal of this money went to make government and its employees richer, not better. For instance, California’s teachers are among the highest-paid in the nation, but by any measure its public schools are far from the nation’s best.

The deep-rooted partnership of public-employee unions and the Democratic Party guarantees that, as taxes rise, the payoff in public services will be paltry while the pay-out to public workers will be lavish

There are those in Wisconsin who insist (legitimately) that the Wisconsin deficit is not "fixable" by layoffs of State employees. But that's a sleight-of-hand; in fact, Wisconsin's largest budgeted expenditures go to municipalities and schools employing AFSCME and WEAC members.

At any rate, Ahhhhhhhhhnold is going to DC to ask for "loans" from the USTreasury to cover California's union-wage and union-benefit obligations. Swell.

HT: Malkin

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