5.14.2008
Deja Vu All Over Again
“The People of California want us to live within our means just as they do,” Gov. Arnold Schwarzenegger said Wednesday as he introduced his revised spending plan for the fiscal year beginning July 1, 2008 which holds the line on spending and does so, at least at the moment, with no tax increases.
“We will live within our means,” declared Gov. George Deukmejian when he signed a budget on July 21, 1983, which paid off the state’s deficit by holding the line on spending and not raising taxes.
Something to Ecclesiastes Chapter 1, Verse 9, it appears. Although what a downer the guy must have ben to have a couple of pops with.
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If people lived within their means the current consumption-driven economy would collapse. It’s designed to promote spending, not saving, on useless and soon-to-be-obsolete things made in a foreign country. The state’s budget is out of whack because the entire U.S. economy is out of whack and the magic trick of borrowing against our kids’ futures has no more room to play. And underlying all of this is the Malthusian fact that the number of people needing resources (schools, housing, jobs, health care, etc.) exceeds our current willingness to provide. Harping on whether or not those in need are citizens, immigrants or whatever is just another political distraction from the real culprit: a total lack of a coherent population policy and 100-year plan for “growth.”
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Comment by Foster — 2.17.2010 @ 6:36 am