Tuesday, February 19, 2013

Jerry Brown's views on deficits a mixed bag

Sacramento Bee
Jerry Brown is forever cautioning California residents and politicians about the need to balance the state budget and pay down debt. But the other day, in talking about the costs of extending medical insurance coverage to millions of Californians, he thanked the federal government for going more deeply into debt to pay for it. Nor is Brown confining his support for expanding federal deficits to health care for the poor. He's also counting on tens of billions of federal dollars – borrowed dollars – to underwrite large portions of the state budget and to finance the statewide bullet train system he so ardently embraces.