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Old 05-28-2003, 11:06 AM   #21
Rokenn
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Join Date: January 22, 2002
Location: california wine country
Age: 60
Posts: 2,193
Quote:
Originally posted by MagiK:

Wilson signed it? hmmm I left SD in 94....moved to AK...
I don't recall any big issues on deregualtion...but perhaps I was preoccupied with moving. If he did sign it into law then yes he is partly to blame, and it still falls onto Davis' head because he was in charge while it was leading up to and during the disaster. I am still agog over California's debt...when I lived there it was 10 billion...now it is 20-30 billion...when are they gonna start addressing that?
Well the root cause of California's debt is due to a crazy quilt of a tax system, an over reliance on income tax, and prop 13. The state legislature is slowing coming the realization that they need to rework it.
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Old 05-28-2003, 11:38 AM   #22
MagiK
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Ya know..somehow I might have gotten that Idea before I reached 20billion in debt [img]smile.gif[/img] but it is good to hear that some progress is being made...a healthy Calfornia economy/budget is a good thing for the rest of the nation too.
 
 


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