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Californians: Why did Prop 57 pass?
Message
From
03/03/2004 12:16:48
 
 
To
03/03/2004 09:22:04
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
00882673
Message ID:
00882777
Views:
17
>Why did Prop 57 pass?
>
>I would like Californians to shed light on this. I wasn't too sure it would pass. I'm still not sure I understand how lowering taxes (income) and borrowing more, therefore mortgaging more of our children's future works (ok Californian children's future). Does the governator know different laws of economics that work in California?

Basically this passed because there was no other option. Without this bond measure California was going to be bankrupt by June due to a massive payment that is coming due. If 57/58 don't pass then taxes must be raised AND programs must be cut just to make the upcoming payment. The legislature hasn't been able to meet a budget deadline since the deadline was enacted so there is no expectation that they would this time. Also Arnold's political clout would have been seen as spent had these not passed and the legislators could've gone back to their normal directionless ways.

Also because prop 58 was attached to this it ensured that the state cannot borrow money in the future (this is the last time) and the budget must be balanced.

A more simplistic view : California recalled the former governor and installed Arnold just 4 months ago. These were his issues. Why would the people that just put him in power cut him off at the knees?

Jake
Wine is sunlight, held together by water - Galileo Galilei
Un jour sans vin est comme un jour sans soleil - Louis Pasteur
Water separates the people of the world; wine unites them - anonymous
Wine is the most civilized thing in the world - Ernest Hemingway
Wine makes daily living easier, less hurried, with fewer tensions and more tolerance - Benjamin Franklin
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