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Friday, January 7, 2011

New Governor in California

BBC News reported on January 3:
“Jerry Brown is set to be inaugurated as the new governor of the US state of California, taking over from outgoing Governor Arnold Schwarzenegger. Mr Brown, a Democrat who also served as California's governor from 1975 to 1983, will be only the second person to lead the state for three terms. He has warned California residents to expect ‘shared sacrifice’ as the state struggles to overcome a fiscal crisis… The state faces a $28bn (£18bn) budget shortfall over the next 18 months. Voters may be asked to agree to the extension of temporary taxes that were brought in in 2009 and are due to expire in July. Mr Brown, 72, will need the backing of some Republicans in the state legislature if he is to put any tax measures to voters.”

The Telegraph added on January 3:
“Having taken the helm of the troubled state declaring ‘failure is not an option’, Mr Schwarzenegger, 63, leaves with an approval rating of just 22 per cent and a tripled $28 billion budget deficit. His decision to focus on tackling climate change was criticised by opponents and commentators who said he should have prioritised fixing the state's economy, the eighth largest in the world. His departure, which comes amid fears California could become insolvent, has prompted headlines in the US media such as ‘Hasta La Vista, Failure’.”

We have seen a steady decline in California’s economy—notwithstanding all of the usual (but failed) promises from past and present politicians, regardless of whether they belong to one of the two major parties or whether they are independent. And so, it would be extremely naïve to expect that the new administration were to improve California’s status.

Culled from Church of the eternal God weekly

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