Yes, Folks, It’s True: All New Material in the Second Show
State Treasurer Bill Lockyer testifying before the Assembly Budget Committee, of which three of its 27 members were in attendance, at a December 14 interim hearing on California’s level of debt:
“Forecasters were created to make astrologers look good.”
In response to Assemblyman Jim Silva, a Huntington Beach Republican, saying his top spending priorities are public safety, education, health, transportation and water:
“That’s about 98 percent of the budget.”
-30-
Filed under: Overheard
Capitol Cliches Conversational Currency Great Moments in Capitol History News Budget and Economy California History Demographics Fundraising Governor Legislature/Legislation Politics State Agencies
Opinionation Overheard Today's Latin Lesson
Restaurant Raconteur Spotlight Trip to Tokyo Venting Warren Buffett Welcome Words That Aren't Heard in Committee Enough
The Treasurer’s comment is similar to Fed Chairman and economist Bernanke’s self-deprecatory comment prior to his long answer when asked about when the market would turn around: “Economists are not quite as accurate as weather forecasters.” Can you report more fully on what Treasurer Lockyer said to those 3 members, and was there any dialogue?
Thanks.
Comment by bernie — 12.14.2009 @ 5:45 pm
As always, Locker wit, to wit.
Comment by Pat Henning — 12.14.2009 @ 8:15 pm