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January 22nd, 2004
SCHWARZENEGGER AND WESTLY: “VOTE ‘YES’ ON 57 AND 58 FOR A BALANCED BUDGET AND NO MORE DEFICITSâ€
IRWINDALE, CA – Governor Arnold Schwarzenegger and Controller Steve Westly today continued their bipartisan campaign to pass Propositions 57 and 58 by asking Miller Brewing Company employees to help the solve the deficit crisis and make sure it never happens again by voting “Yes†on the two measures. The town hall-style event was the second in what will be a series of similar events across the state, headlined by Schwarzenegger and Westly, in support of 57 and 58. It was organized by “Californians for a Balanced Budget – Yes on 57 and 58,†which they Co-Chair.
“Californians for a Balanced Budget – Yes on 57 and 58†is a broad and bipartisan coalition of elected officials, business and labor leaders, associations and advocacy organizations, as well as regular Californians, who have put aside partisan differences in order to come together to put the state’s fiscal house in order. Over the coming weeks, the campaign will announce a series of endorsements from all sides of the political spectrum, designed to show that California voters are united in their support of Propositions 57 and 58 on the March 2, 2004 primary election ballot.
“The politicians in Sacramento got us into this mess, and I need the people’s help to get us out,†stated Gov. Schwarzenegger. “That’s why I need everyone to vote “Yes†on Propositions 57 and 58 to make sure this never happens again. Fifty-seven and 58 will make sure California has a balanced budget with no more crippling deficits.â€
“The California Balanced Budget Package does exactly what it says – it gets the budget balanced and keeps it balanced,†said Westly. “Californians have sent a very clear message that we need to clean up our budget mess and get our financial house back in order. Passing Propositions 57 and 58 is the single best thing that California voters can do to restore our state's fiscal health and start us down the road to economic recovery.â€
Proposition 57 provides for a one-time $15 billion Economic Recovery Bond to refinance past budget deficits while interest rates are low. This allows California to start over with a balanced budget and gets the fiscal mismanagement of the past behind us. Proposition 58 makes sure we never get in a deficit crisis again by requiring California politicians to balance the budget every year in the future and prohibiting bond financing of any future deficits. It also creates a “rainy day savings account†to be used for paying the bonds off early and helping the state through any future economic downturns.
SCHWARZENEGGER AND WESTLY: “VOTE ‘YES’ ON 57 AND 58 FOR A BALANCED BUDGET AND NO MORE DEFICITSâ€
IRWINDALE, CA – Governor Arnold Schwarzenegger and Controller Steve Westly today continued their bipartisan campaign to pass Propositions 57 and 58 by asking Miller Brewing Company employees to help the solve the deficit crisis and make sure it never happens again by voting “Yes†on the two measures. The town hall-style event was the second in what will be a series of similar events across the state, headlined by Schwarzenegger and Westly, in support of 57 and 58. It was organized by “Californians for a Balanced Budget – Yes on 57 and 58,†which they Co-Chair.
“Californians for a Balanced Budget – Yes on 57 and 58†is a broad and bipartisan coalition of elected officials, business and labor leaders, associations and advocacy organizations, as well as regular Californians, who have put aside partisan differences in order to come together to put the state’s fiscal house in order. Over the coming weeks, the campaign will announce a series of endorsements from all sides of the political spectrum, designed to show that California voters are united in their support of Propositions 57 and 58 on the March 2, 2004 primary election ballot.
“The politicians in Sacramento got us into this mess, and I need the people’s help to get us out,†stated Gov. Schwarzenegger. “That’s why I need everyone to vote “Yes†on Propositions 57 and 58 to make sure this never happens again. Fifty-seven and 58 will make sure California has a balanced budget with no more crippling deficits.â€
“The California Balanced Budget Package does exactly what it says – it gets the budget balanced and keeps it balanced,†said Westly. “Californians have sent a very clear message that we need to clean up our budget mess and get our financial house back in order. Passing Propositions 57 and 58 is the single best thing that California voters can do to restore our state's fiscal health and start us down the road to economic recovery.â€
Proposition 57 provides for a one-time $15 billion Economic Recovery Bond to refinance past budget deficits while interest rates are low. This allows California to start over with a balanced budget and gets the fiscal mismanagement of the past behind us. Proposition 58 makes sure we never get in a deficit crisis again by requiring California politicians to balance the budget every year in the future and prohibiting bond financing of any future deficits. It also creates a “rainy day savings account†to be used for paying the bonds off early and helping the state through any future economic downturns.
