4 ms·
> it's a career suicide for a politician to suggest tightening the purse strings when the times are good Not necessarily. In 2014, California Proposition 2 (o
by ScottBurson 8y ago
> it's a career suicide for a politician to suggest tightening the purse strings when the times are good
Not necessarily. In 2014, California Proposition 2 (originally 44) passed with over a 2-to-1 margin [0], reforming and expanding the "rainy day fund" created by 2004's Proposition 58. California now has almost $30B in surplus [1].
[0] https://ballotpedia.org/California_Proposition_2,_Rainy_Day_Budget_Stabilization_Fund_Act_(2014) https://ballotpedia.org/California_Proposition_2,_Rainy_Day_...
[1] https://www.politifact.com/california/statements/2018/dec/18/jerry-brown/does-california-have-budget-surplus-nearly-30-bill/ https://www.politifact.com/california/statements/2018/dec/18...