Jerry says a recession is on the way

Mercury News: The Californians most unhappy with Brown's spending plan were health and anti-poverty advocates. That's because the governor ignored lawmakers' pleas for spending more on home-care workers' salaries, higher Medi-Cal reimbursement rates and giving all illegal immigrants health coverage.

But Brown brushed back the criticism. He argued that long-term fiscal forecasts show the state could slip back into deficits within a few years, so this is no time for runaway spending.

"I don't want to get caught in the jaws of the persistent fiscal instability of the state government in California," Brown said.

"We know a recession is on the way. It's around the corner. And when it comes and you get these cutbacks, who's cut back? School teachers, people on welfare, all sorts of programs."The governor said he wouldn't support a pending bill that would give all of California's illegal immigrants access to health insurance because it would be too expensive.
Overall, the budget Brown unveiled Thursday is $7.3 billion larger than the $108 billion budget enacted last June for the current fiscal year. It reflects a $6.7 billion increase in projected general-fund revenues compared to the proposal he released in January.

Nice forecast Jerry. You have beat 90% of the economists to the finish line.