You might have heard that California’s state budget is very late this year. Indeed, California is nearly three months into the current fiscal year. Here’s why the budget is late.
Punitive measures for Prop 23 supporters
Very reliable sources tell us that the reason for the delay is that CA Gov. Arnold Schwarzenegger, with the collaboration of the State Legislature, is blackmailing potential business supporters of Proposition 23, the California Jobs Initiative that would delay implementation of AB32. They are threatening these supporters with reprisals of special taxes and other punitive measures if they support Prop 23. But once the budget is passed, it is no longer possible to include these taxes in the budget. This is a big reason why the budget is being delayed.
Not covered by the mainstream
Don’t count on reading about this in any mainstream media outlets in the tank for the administration. Neither will you hear it from Wall Street “financial engineers” positioned to profit from AB32.
The State of California must really want that AB32 money from the pockets of working people. To stoop to such political power maneuvers is out-and-out blackmail.
Prop 23 can suspend killer cap-and-trade AB32
Proposition 23 is on the California ballot in November. It would prevent California Assembly Bill 32 (AB32) from going into effect until such time that California’s unemployment level returns to a more reasonable 5.5%. Current unemployment in California is 12%.
If AB32 goes into effect next year, it will greatly increase energy costs and the price of everything made in the state that takes energy to make it, worsening an economy that is already seriously depressed.
Proposition 23 will save jobs, keep prices under control, and help prevent the further exodus of businesses and taxpayers from the state. Californians need to vote their pocket books in November by voting YES on Proposition 23.
Speak to the Governator
Smart Californians tired of the political pillage should call or write the Governor’s Office and dare them to deny this. Let’s see if they will add lying and obfuscation to blackmail.