California Legislation - WHAT A WAY TO RUN OUR STATE!!!

State Treasurer Lockyer, has been complaining and blaming Wall Street investors who openly have no confidence in California’s financial stability. It is easy to blame Wall Street, but this problem is just a symptom of the state’s sorry financial situation. This is forcing the state to offer its bonds at higher interest rates and higher rates mean much higher costs which the state cannot afford.

Must we once again be reminded our state has been consistently controlled by big spending Democrats? The party in power refuses to do any cutting in the current budget and Republicans are rejecting any new taxes. With this ongoing stalemate, no one is budging.

The longer it drags on, the more elected officials collect for added days in Sacramento.
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A RARE WIN
Recently, with the help of 2,561 California citizens who submitted letters of support, AB 1506 passed the Senate floor by a34-0 vote! The bill called, “The common sense taxpayer protection bill,” forces the state to accept its own IOUs.

Senator Mark Wyland (R-San Diego), an ardent defender of taxpayers, gave an impressive speech on the Senate floor and his impassioned presentation was followed by Senator Tony Strickland (R-Ventura), also one of the strongest taxpayer advocates in Sacramento.

The passage of the bill was critical to keeping California businesses open during the state’s cash crisis. The bill is now headed back to the Assembly before its final hurdle at the Governor’s desk.