Friday, May 27, 2011

Orange County Register: Jerry Brown adds uncertainty

Editorial: Brown's budget fraught with uncertainty
Bloated expectations about sound budgeting:
Another of Mr. Brown's budgetary accomplishments, if it can be called that, is that he has managed to increase spending beyond even what he intended to spend, despite the 2011-12 fiscal year budget remaining $9 billion in the red, even as he simultaneously laments the necessity of paying down $34 billion of the state's outstanding bonded debt.
Leads to uncertainty in local governmet:
The state's independent Legislative Analyst Mac Taylor says that because Mr. Brown's budget "is based on the approval of voters for key provisions [it] can create huge uncertainty at the state and local government levels."

So what? Who cares?
Seriously, this is not rocket science and we are capable of going without new debt for a while.