geeesh...the simple facts are revenue went down , so should spending. it didn't.that's why we're in the fix we're in
some try to blame it on Enron, but Davis took Enron Money, (about $100,000)...(along with Feinstein) and even had them "Consult" on how to fix the "energy" problem.
some try to blame deregulation, but really the deregulation plan was a half assed plan. it did nothing to increase the number of competitors to provide electricity. Coupled with that, no new power plants were built in the last 10 years while the population grew.
corporate welfare?.HA!...companies are leaving the state in droves because of high taxes and workmans comp insurance. Did you know it costs $2000 for EACH employee per year for WC insurance. small companies can't afford it. and thats the majority of business everywhere.
feed the children??..yeah right, for every dollar that goes to "feed the children" , 40 cents get wasted by the government. another 20% gets wasted on alcohol and drugs by these kids parents. and Heaven forbid we take these kids away from these parents, else a lawsuit occurs. drugs and alcohol account for 40% of all "poverty".
no, the sad fact is Davis and the legislature misspent record surpluses by mismanging the funds. They must go.