Raise your hand if you thought that half the proceeds from Proposition 39 would go to schools and nothing else.
And that the money would be distributed on a per-student basis, not based on energy savings.
I doubt many hands went up, but at a recent state Senate budget committee hearing we learned that this is precisely how the Brown administration proposes to spend the tax dollars that were meant to help fight global warming.
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In my Sunday Examiner column I noted that the national debt currently amounts to 62 percent of gross domestic product and I cited Kenneth Rogoff and Carmen Reinhart’s book This Time Is Different for the proposition that economic growth is impaired when debt reaches 90 percent of gross domestic product.
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Congress is required, by law, to pass a budget resolution by April 15 every year. Last year, for the first time in the history of the modern budget process, both the House and Senate failed to even vote on a budget.
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URL: http://www.sfexaminer.com/topics/senate-budget-committee?quicktabs_6=0
