Editorial in Investors Business Daily EXCERPT Just last week, the - TopicsExpress

Editorial in Investors Business Daily EXCERPT Just last week, the Cato Institutes Fiscal Policy Report Card on Americas Governors gave Gov. Brown an F, the worst score of any governor.... Brown has rammed through several major tax hikes, including one that boosted the top individual tax rate to 13.3%, a $6 billion increase.... But by far Browns biggest sin has been in expanding the states byzantine and notoriously incompetent government through massive spending hikes — with virtually no cuts in the states 519 agencies. Thats right: 519. In 2012, the states general fund spending totaled $86 billion. This year, in a budget Brown characterized as one of restraint and prudence, he will spend $107 billion — a 24% increase in just three years. Most state citizens dont know it, but the state is basically bankrupt, with $340 billion in unfunded pension related liabilities. Think of Detroit with nice weather. news.investors/ibd-editorials/101014-721341-state-still-suffers-from-high-taxes-too-much-regulation.htm