Year of the Budget?
Man this reads as if I could have written it. LAT:
Gov. Arnold Schwarzenegger swept into office in 2003 promising to end the state's pattern of "crazy deficit spending," cut up the government credit cards for good and force the state to finally live within its means.
So much for that.
He has never had the willpower to actually sit down and make tough decisions.
Experts say the state's spending habits are no more restrained than they were when Schwarzenegger arrived in Sacramento four years ago. The budget has grown by a staggering 40%. Costly programs have been launched.
And spending has continued to outpace tax receipts year after year -- even years when housing and tech booms led to cash windfalls.
Now the governor finds himself in a predicament similar to that of his predecessor, Democrat Gray Davis: staring at a crippling budget shortfall that threatens to overshadow all other business in the Capitol and tarnish his political legacy.
It is all too predictable. We never solved the fundamental problems that make our revenue is very cyclical. Thus when we hit hard times we run into big problems. Yesterday's LAT had this quote.
"We never fixed the problem," said Chris Thornberg, a principal with Beacon Economics. "It's been Scotch tape and glue and staples and just praying we will never have to face the reality that state government is on a path that is not sustainable."
Today's:
"There has been lots of talk and lots of gimmicks, but none of the state's underlying budget problems have been dealt with," said Ryan Ratcliff, an economist at the UCLA Anderson Forecast. "Even in the middle of a revenue boom, we kept spending more than we take in."
Arnold has been talking about making next year the year of education. Speaker Nunez seems to have nixed that idea. How about we make it the year of the budget. It sure isn't sexy, but it is damn important.

