He [Jerry Brown]was a strong and steady champion of fiscal stability, working diligently to transform the irresponsible culture of budgeting and spending in Sacramento. With the economy still growing and an expected $15 billion state budget surplus this year, it’s easy to forget how bleak the financial picture looked in January 2011 when Brown was sworn in for his third term. Services had been slashed, and still the state was facing a $28 billion hole in its operating budget; only a year and a half earlier, a cover story in the Economist magazine had declared California to be “ungovernable.”When the Legislature, controlled by his fellow Democrats, brought him a budget that he thought relied on gimmicks and wishful thinking, Brown vetoed it. That set the tone for the next seven years. In a remarkable political triumph, Brown persuaded voters to vote for a package of temporary tax increases in 2012 (some of which later became permanent) to close a yawning deficit and then pushed through Proposition 2 in 2014, reinvigorating the state’s rainy day fund. Even when the economy rebounded and the state’s finances were back in the black, Brown never stopped preaching fiscal responsibility, warning that the next downturn was coming. We hope the message will not be forgotten.
Jerry was dealing with a Venezuelan legislator, we still have it and Gavin is 100% Venezuelan, we are screwed. We will get our usual housing bust and tech bust and Gavin will freak, completely clueless he will end up in a sex scandal. Illinois cannot get a federal bailout because that implies California gets one, and we cannot afford that. None of the small states willing to lend Gavin a hand, all of them consider him to be a dangerous Venezuelan.
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