Kevin Drum seems upset about this:
Four years ago Arnold Schwarzenegger took office in the midst of a massive budget crisis after promising voters that he would end our "crazy deficit spending." In true Republican fashion, he did this by immediately reducing the state auto licensing fee by $4 billion a year and then insisting that we all approve $15 billion in bonds to paper over a shortfall that was now even more desperate than the one he inherited. The hope, apparently, was that nothing bad would ever happen to the economy and eventually we'd squeeze out from under the rock we were under.
I opposed the bonds at the time, and I've never regretted that vote since. Defeating the bonds would have caused immense fiscal pain, but it would also have forced Schwarzenegger and the legislature to actually fix our underlying problem by increasing taxes and reducing spending. Our nonpartisan legislative analyst made it clear from the beginning that Arnold's plan had no long-term chance of success, but he just flashed that million-dollar smile and went ahead with it anyway.
But gravity still pulls downward and reducing taxes still creates bigger deficits, not smaller ones. Now California has a massive deficit and tens of billions of dollars worth of bonds for our kids to pay off. And $16 billion of it — and counting — is due to the demagogic tax decrease that Arnold used to win office. Nice work, governor.
Kevin Drum needs to learn to think like a Republican. You cut taxes, you spend like crazy, then you leave the mess for some Democrat to figure out. That sucker Democrat will probably try to do something "responsible." That foolish behavior will make the Democrat unpopular, so the voters will elect a Republican who promises that he'll make ponies grow on trees.
It's all good. I really don't see where the problem is here. Except maybe for these mythical "kids" that are claimed to exist in this alleged "future." But even granting that these beings might exist, fer chrissakes, they're kids. Just give them some ice cream. They'll be fine.
It's such a relief to think like a Republican. I don't know why everyone doesn't do it.