News the Stars Bring Today

Desert Dispatch has made a good analysis of the special California’s special Tuesday election ballot, especially Proposition 1A. The Dispatch says “It was the spendthrift governor and Legislature who over-taxed and over-spent California state government into its current predicament…The sneakiest part of Prop. 1A is that it will extend for two more years the highest tax increase in California history. The $12.9 billion imposed in February by a two-year increase of income, sales and car taxes would be extended another two years and $16 billion with a “Yes” vote. The most egregious part of Prop. 1A is that the ballot measure doesn’t mention that a “Yes” vote will increase these taxes.”

“Prop. 1B is, in effect, a promise to give public school teacher unions $9 billion in exchange for their support in this special election. The bribe worked. The California Teachers’ Association has pumped millions of dollars into the campaign for propositions 1A and 1B…These phony solutions for overspending and over taxing written by legislators with a long history of overspending and over taxing would worsen, not improve, California’s fiscal condition.”

Micheal Reagan sent me an email, in which he wrote: “And in only a hundred days, President Barack Obama has committed $6.5 trillion to waste, fraud, and abuse that’s $6,500,000,000,000.000.00… more than all the costs of World War I and World War II combined.” Micheal says that Schwarzenegger is being deceptive with the citizens by cloaking a massive 16 billion dollar tax-hike in language that appears to be a “cap” on government spending.

Micheal pointed out that 30 yrs ago his father, President Ronald Reagan, was a champion of Prop. 13, which reduced taxes and brought him to the White House, where he then reduced taxes nationally and, in turn, brought revenue into the government, because it encouraged businesses. It was a time of economic prosperity, because he ran the government like it was family finances: only spend what you have.