On the recordFebruary 26, 2013
Our Governor makes the point--he has a way of getting to the point: ``We need stimulus, not premature austerity,'' said Gov. Jerry Brown. The Republicans have become the austerity party and the Democrats have become the jobs party. I think people want jobs. There are still too many long-term unemployed. We have a stubbornly high unemployment rate. There is no question about it. Jerry Nickelsburg, a UCLA economist who writes a quarterly economic forecast on the Golden State--my State--said: The State's recent economic gains would provide a buffer against sequestration, but would it slow economic growth? Yes. Why would we do something like this, a self-inflicted wound, when there is an easy way to get out of it, which is to put into place a rule that says on a person's second million dollars, once they get to that point, they are going to pay an effective tax rate equal to their secretary? Give me a break. This is the greatest country on Earth, and the people I know who live in California, for the most part, in the wealthy brackets are very happy to pay their fair share. They want to pay their fair share. They want to give back. They love this country. It gave them everything. A lot of them started with nothing. So we have the two plans. The Democratic plan was outlined by Senator Mikulski and we are going to vote on it on Thursday. I pray to God it is not filibustered and a majority will rule and we will get it done.…





