California analysts reveal limited thinking

by on November 24th, 2003

Much like former Clinton aide George Stephanopoulos revealed his limited budget thinking when asking questions of former Treasury Secretary Robert Rubin, California analysts show theirs by criticizing Schwarzenegger’s repeal of the California car tax increase, the San Diego Union-Tribune reported yesterday.

[A]nalysts say the governor has compounded the state’s fiscal problems by repealing the vehicle license fee increase, which may add $4 billion to the deficit.

For those buying in to the notion of persistent spending increases, this makes perfect sense. After all, if less spending isn’t the answer, an increase in taxes must be. But it’s a great mischaracterization to concede an increase in taxes as the only solution to out of control spending.

Etalkinghead Staff