Thursday, December 18, 2008

Is Schwarzenegger truly insane?!

Schwarzenegger just announced that he is going to veto the budget passed by the California legislature. If you don't follow California politics, let's just say that this is very bad news for the state. Thank goodness I'm an Oregonian now.

The Democrats' move of passing the budget by imposing "fees" rather than "taxes" in order to get around the two-thirds majority requirement was admittedly sketchy. But then again, when you have a totally dysfunctional system, you have to get creative. California has the sixth or seventh largest economy in the world (and dropping rapidly), but I can't think of another country in the world that requires a two-thirds majority to pass a budget. It is simply unworkable. Now the Governator is pushing the state over the cliff. Perhaps the silver lining will be some fundamental institutional reform. But that will be cold comfort to people who are going to hurt, and hurt bad, by whatever emerges from this debacle.

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