Previously the Governor told us,”Pass Prop. 58, and deficit spending will be a thing of the past”. Today the deficit, with Prop. 58, is $50 billion and growing. In 1979, we were told pass Prop. 4, the Gann amendment, and we will control deficit spending–it took Sacramento ten years to change it, to allow bigger and better deficits.
The current effort, Prop.1A, has a loophole, it allows the Governor, for any reason to declare an emergency, with no appeals, to get at the “rainy day fund”. In other words, the vote of the people and the legislature can be overturned by one person, the Governor. Do you want to have one person hold your paycheck and bank account hostage to special interests? That is what Prop.1A does.
In fact, the reason Prop. 1A is now losing is that the word has been received by the voters–Sacramento is lying to them. The ballot summary does not mention the $16 billion tax increase. It does not make clear that for no reason the Governor can overturn the rainy day fund.