I guess “fiscal conservatism” means paying people with IOUs:
[California] State Controller John Chiang warned Tuesday that the first group to get hit in the wallet by California’s budget debacle is likely to include legislators – and it could happen as early as Feb. 1.
The bad news is that next in line to get IOUs instead of cash would be Californians awaiting state income tax refunds and companies that do business with the state.
In a letter to state agencies, Chiang said his office was projecting the state would run out of cash around the beginning of March.
Without a deficit-closing deal between legislators and Gov. Arnold Schwarzenegger, Chiang said, his office “has no choice but to pursue the deferral of potentially billions of dollars in payments and/or the issuance of individual registered warrants, commonly referred to as IOUs.”
Also, Governor Schwarzenegger’s pointless antagonism of state legislators isn’t helping.
Remember, Arnold Schwarzenegger became Governor because his predecessor, Gray Davis, had almost the exact same budgetary problems as he’s having now (it’s funny how well-funded recall campaigns only seem to crop up when it’s a Democrat mismanaging the state, right?).
But hey, isn’t this how conservatism works? Get elected by attacking the incumbent for doing something bad, then do that same bad thing once you’re in office, mismanage your government, pointlessly insult your political opponents, and then declare that you’re the good guy and everyone else are the bad guys.
I won’t dispute the fact that California’s government is broken and has been for a very long time. But it doesn’t help when you elect (and re-elect) people to run the state who clearly have no idea what they’re doing. I support the idea that anyone should be able to get elected to public office, but it’s clear that Schwarzenegger isn’t a very good governor, and the fact that he’s serving his second term as the leader of America’s largest state and the world’s fifth-largest economy is a sad reflection on California politics.