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State's GOP Refuses to Face Reality on Taxes

May 26, 2003

Re "GOP Leaders Reject Wall St. Warnings," May 21: Exactly what universe do our Republican assemblymen inhabit? It was their bright idea to borrow money from Wall Street to help cover the deficit; now, when these same bankers tell California they won't lend money without tax increases, the Republicans refuse to listen. Nobody wants to pay more in taxes, but any rational person would see that with the state $38 billion in debt, there are very few alternatives. It's too bad the GOP won't come down from its ideological perch and face reality.

Geoffrey Fattig

Sacramento

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