Mr. President:
Just three short months ago, many of us took to this floor and warned that this legislature needed to act during February's Special Session to reduce state spending and avoid a potential fiscal catastrophe if revenues should plummet in 2010.
Those pleas were rejected by the majority. The huge tax increases of Measures 66 and 67 would"stabilize" the budget situation, they claimed. Our fiscal challenges had been addressed. Increased spending and increased taxes would lead the state through the budget crisis.