The Index of Fiscal Conservatism

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THE INDEX OF FISCAL CONSERVATISM A Guide to the Candidates’ Commitment to Cutting Spending THE INDEX OF FISCAL CONSERVATISM Specific Spending Cuts Proposed by the Candidates for Governor FY 2009 FY 2010 30 $24.02 billion* 22.5 15 $3.02 billion Tom Campbell * low estimate $3 billion Meg Whitman 7.5 Steve Poizner 0 SPECIFIC SPENDING CUTS: CAMPBELL LEADS FY 2009: $12.7 billion = Reductions in welfare and social spending bringing California in line with the national average FY 2009: $2.7
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  THE INDEX OF FISCAL CONSERVATISM  A Guide to the Candidates’ Commitment to Cutting Spending   THE INDEX OF FISCAL CONSERVATISM  Specific Spending Cuts Proposed by the Candidates for Governor    07.51522.530   Tom CampbellSteve Poizner Meg Whitman FY 2009FY 2010 $24.02 billion*$3.02 billion$3 billion * low estimate  SPECIFIC SPENDING CUTS:CAMPBELL LEADS FY 2009: $12.7 billion = Reductions in welfare and socialspending bringing California in line with the national averageFY 2009: $2.7 billion = State employee give-backs or furloughsFY 2010: $8.62 to $13.36 billion = Purchase health insuranceon the open market for Medi-Cal and Healthy Families beneficiaries A 10% to 15.5% reduction in the cost of government in thecurrent fiscal year  FISCAL YEAR 2009 BUDGET   May 17, 2009: Tom Campbell announces $15.4 billion in cuts tothe state budget, releasing a specific, detailed plan for doing so.  May 18, 2009: At Sacramento Press Club debate, Steve Poiznerrepeatedly refuses to identify a single dime in spending cuts. “I’mrunning for Governor, not chief accountant,” he said at one point,and at another, “It’s not a list of cuts, it’s a process.”Meg Whitman does not attend the debate. In FY 2009, Whitmancalled for firing 40,000 state employees, with an estimated savingsof $3 billion. Later, she said they would be eliminated by attrition.
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