Bill Lockyer is the elected Treasurer of California. He’s a Democrat, but after a year in office he understands the fiscal realities of the Bronze Golden State:
Excerpt:
It’s impossible for this legislature to reform the pension system, and if we don’t, we bankrupt the state. And I don’t think anybody can do it here, because of who elected you. … You’re just captive of the current environment — I don’t see any way out!
He also told the Democratic leaders of the legislature that they’re not doing their oversight, that two-thirds of the bills coming out of the legislature are junk, and that there is no chance for new taxes and that the legislature must learn to live with what’s coming in. Those are all things I’ve been saying for years.
Will the Democrats in Sacramento listen to one of their own? My bet is no.
Tags: CalLegislature, Lockyer