Republican Congressman Darrell Issa, California Governor Gray Davis, Arnold Schwarzenegger as Conan the Barbarian

Thank you again Professor Paul Krugman:
Some clarity on the $38 billion California budget deficit

   
Nipawin - Sunday - August 24, 2003 - by: Mario deSantis
 
 

The campaign to recall California Governor Gray Davis was initiated and bankrolled to the tune of $2 million from Republican Senator Darrel Issa, a high school dropout who has been arrested twice as an adult on charges of auto theft.

Until Friday I was aware that the California budget deficit was in the order of $38 billion and in fact some weeks ago I wrote an article in which I was trying to relate this enormous deficit with the bursting of the stock market bubble and the manufactured energy crisis in California. On Friday I read the article "Conan the Deceiver" by Paul Krugman and I became flabbergasted to understand that

"although news reports continue, inexplicably, to talk about a $38 billion [California] deficit, the projected gap for next year is only $8 billion."

All at once I became suspicious of this mass media's deception to paint the California's deficit worse than it is, maybe, just for the political motivation to unseat Governor Gray Davis and increase the reelection chances of President Bush next year. Still now I don't know if the California budget deficit is in the order of $8 or $38 billion.

  An editorial of the Washington Post reports today that
 
"the state deficit stands at $8 billion, which Mr. Schwarzenegger would raise to $12 billion by repealing an increase in the car tax."
  Disconcertingly, the same Washington Post ran the article Calif. Near Financial Disaster: Hours Remain to Solve $38 Billion Shortfall last June.
   
  We are living incredible times of an upside down machination of our realities and we have examples of more finest liars as Senator Issa says
 
"this is the size of our deficit. Yes, that's right. OK. It's about $1,100 for every man, woman and child in California"
  while running up gubernatorial candidate Arnold Schwarzenegger mouths
 
"No one, not even the economic and academic leaders, could make head or tale of the state's budget. We do not know what is being spent or where."

 

 
  Thank you again Professor Paul Krugman!
   
 

Mario deSantis

   

   
References:
  Pertinent articles published in Ensign
   
  Sanchez, Rene For Issa and Recall Drive, Long Shot May Pay Off July 8, 2003 Washington Post
   
  deSantis, Mario Hello Mr. Robinson: Canadian Walter Robinson kisses the Bush Assets July 8, 2003 Ensign
   
  Krugman, Paul Conan the Deceiver August 22, 2003 New York Times, http://www.pkarchive.org/column/082203.html
   
  Washington Post Mr. Schwarzenegger Talks! August 22, 2003 Editorial
   
  Sanchez, Rene Calif. Near Financial Disaster. Hours Remain to Solve $38 Billion Shortfall June 30, 2003 Washington Post
   
  Fox News Transcript: Rep. Darrell Issa on Fox News Sunday July 13, 2003 http://www.foxnews.com/story/0,2933,91783,00.html
   
  Agence France-Presse Arnie breaks silence on policy August 21, 2003 http://www.news.com.au/common/story_page/0,4057,7019157%255E1702,00.html
   

 

Return to Ensign - Return to Saskatchewan News

 
This page is a story posted on Ensign and/or Saskatchewan News, both of which are daily web sites offering a variety of material from scenic images, political commentary, information and news. These publications are the work of Faster Than Light Communications . If you would like to comment on this story or you wish to contact the editor of these sites please send us email.
 

Editor : Timothy W. Shire
Faster Than Light Communication
Box 1776, Tisdale, Saskatchewan, Canada, S0E 1T0
306 873 2004