Posts Tagged ‘rainy day fund’

Ask Dr. Hackenflack: The May 19 Special Election

Tuesday, March 31st, 2009

As a public service and sparing no cost, calbuzz has hired the renowned political psychologist Dr. P.J. Hackenflack, to offer counseling to those afflicted by California’s political system. Not surprisingly, we have received a batch of letters from people suffering ailments after reading the voter guide to the May 19 special election.

Dear Dr. Hackenflack,
Debra Bowen wrote in the official election guide that “voting is easy.” But when I read the analysis of Prop. 1A, my colon locked up and my eyes crossed and got stuck. What should I do?
— Earnest in Eagle Lake
Google “Garamendi for Governor,” click on “latest video” and watch it at full volume. Your colon will unlock nicely and your eyeballs will roll back in your head.

Dear Doctor,
I’m employed at a big casino in Las Vegas, and have been assigned to set the line on the $5 billion being borrowed from the lottery if Prop. 1C passes. What are the odds of that happening?
— Stayin’ in Vegas
Slightly less than the chances of Arnold spending two consecutive nights in Sacramento.

Hey Doc,
Someone told me that if Prop. 1B wins, and Prop. 1A loses, then Prop. 1B loses. Wussup with that?
— Overtaxed in Temecula
It doesn’t matter. CTA and their consultants get all the money anyway.

I keep hearing about the “rainy day fund.” What happens to all that money if the drought keeps up?
— MWD, Chinatown
Not to worry. Bill Lockyer is working on a deal to insure California with AIG.

Dear P.J.,
A friend says that if Prop. 1E is defeated, little kids all over the state won’t have anywhere to go to pre-school. What is the Republican plan for dealing with that?
— Sob Sister, West L.A.
Build more prisons.

Dear Dr. H,
I work in the Legislative Analyst’s office and wrote this about the fiscal impact of Prop 1A:
“Some of these factors would make it easier to balance the state budget in the coming years. Other factors could it make more difficult. The net result of these factors is difficult to determine in any particular year.”
My question is: do you think I can get a job in newspapers?
— Capitol cubicle dweller
Definitely – you have a bright future as an editorial writer, probably at the SF Chronicle.

Dear Dr. Hackenflack,
Can you tell me what happens if voters turn down the revenue requests in Props. 1C, 1D and 1E?
— Tom in Campbell
Everybody in SEIU will eat communally out of Maria’s vegetable garden.

Dear Dr. H,
Prop. 1D is called “Protects Children’s Services Funding.” But it seems like it actually takes money away from children’s services. Can you help me understand this?
— Disoriented in Chico.
Stop reading immediately. Dick Riordan was the last person to read Prop. 1D, and it caused his head to explode.

I have a choice between reading the ballot handbook and “Rememberance of Things Past.” What should I do?
— Marcel from Cucamonga
Go with the Proust – it won’t take as long.

Dear Dr. HF,
I’ve read everything I can find about the election and I still feel like I don’t understand. What more can I do?
— Garry from Arnold
Call Debra Bowen at home.

Challenge to Governor Candidates: Campbell’s Got Cojones, Do You?

Monday, March 23rd, 2009

Calbuzz props to Tom Campbell, Presidential Scholar and Visiting Professor of Law at Chapman University, who was the first of the potential candidates for governor to answer — ALL — of our pithy gubernatorial questions in writing.

Campbell, 56, is a former Republican U.S. Congressman, California State Senator, California Director of Finance and Dean of the Haas School of Business at U.C. Berkeley. It’s unclear whether Campbell can raise the money to launch a campaign for governor in a race that includes moneybags like Meg Whitman and Steve Poizner. But he’s a smart guy with a sterling resume and we applaud his willingness to speak directly to the state’s key concerns.

Click here for Campbell’s complete answers. Here’s just a taste:

“We should budget based on revenues one year in arrears. There’s nothing partisan about that suggestion, so I think it has a good chance of being followed. It will take several years to accomplish this; but the “rainy day” fund aspect of Prop. 1A is a good start. After ten years, perhaps sooner, we would raise revenue one year, let it earn interest, and spend it the next year. There would never again be any doubt about how much money we would have to spend. And if there were a decline in revenues, we would see it a year in advance, and take steps with more care to address it”.

“Every new state regulation should carry a 5-year sunset. A regulation could be re-promulgated if it’s been effective, otherwise, let it drop…To attract and keep jobs, we need to continue public works unabated. That means freeways, water storage and transport, port facilities, airports, energy infrastructure, and other projects . . . On taxes, we need to lower every tax that discourages jobs in our state. We need to get more in line with our competitor states’ levels on income tax, sales tax, and business tax.”

Re. Proposition 13: . . . “the ‘split roll’ idea is a job-killer.”

Re. Dealing with the Legislature: “. . . The Governor needs to be respected by and have respect for the Legislature. The Governor who wins by demonizing the other party, or the other branch, cannot hope to be effective once in office.”