McClintock is an expert on matters of the State budget and fiscal
discipline. He is a Senator in the California State Legislature
and ran for Controller on the Republican ticket in 2002. His valuable
website is found at www.tommclintock.com
Memo to My Wife
by Tom McClintock 5/29/03
Hi Honey --Since you've let me take over our household finances,
I'm happy to report that our family budget is balanced, I've
saved thousands of dollars, and I've kept us in the style to
which I would like to become accustomed.
You might wonder how I've been able to do all this. I just followed the easy
steps that Gov. Gray Davis outlined in his May Budget Revision. I know you're
upset because I spent nearly $11,000 more than we took in this year. You really
need to keep things in perspective. Gray spent nearly $11 billion more than he
took in, and he's not worried. I've taken out a second on our house and Gray's
taken out the largest state loan in American history to cover the difference,
so just relax.
being fiscally conservative and socially liberal with our budget, just like
the Governor. I've cut thousands of dollars
from our expenses without affecting our standard of living in
the slightest. I know you're skeptical, but it was really very
easy. I just added a new jet ski to my wish list and then scratched
it out. That saves $5,500. Pretty clever, huh? You can actually
do this in any amount - Gray "cut" $5.5 billion from
the state budget exactly the same way.
also saved us $2,100 by not making our December mortgage payment
giving us a little extra cash this year. Once
again, I can't claim credit - it was Gray's idea. He took $1.2
billion that the state owes to the schools and pushed it one
month into the next fiscal year. Then he did essentially the
same thing with $930 million in MediCal spending. Presto: another
$2.1 billion that he "cut" from the budget. The biggest
financial problem our family faces is that the state is about
to triple our car tax. I know you'll feel better knowing that
Gray is claiming this $4.2 billion tax increase is really - you
guessed it - a "cut" in government spending. Overall,
taxes will rise an average of $950 per family.
But it's no problem -- we can pay our steadily increasing taxes
the same way Gray is paying for his steadily increasing pension
obligations. The state owes its main pension system $1.9 billion
this year. Instead of paying it, Gray simply took out another
credit card. We can make our taxes go away the same way.
Now I need to mention a sore subject - the kid's college funds.
I know they've been saving their baby-sitting and lawn mowing
money, but these are hard times and everybody needs to sacrifice.
So I'm taking $940 from them to balance our checkbook, and I'll
promise to pay it back by 2009. Before you get mad, just remember
that Gray is doing the same thing with $940 million of the taxes
that we've been paying at the gas pump that are supposed to be
going into a special fund for our roads. The way I see it, if
we've got to watch our highway taxes taken away from our highways,
our kids can just suck it up too.
So don't worry about a thing - I've learned a lot about money
management from Gray Davis and have everything under control.
I imagine that the bill collectors who keep calling may have
some questions. Just refer them to the Governor's Department
of Finance. I'm sure there's a former Enron accountant there
who can explain everything.
I'm going to go ahead and buy that little boat I've had my
eye on. Gray added $2.2 billion to his spending plan since
January and after everything I've already saved, I figure I'm
the checkbook, Honey.