Thomas Lifson "The state legislature will no longer require a 2/3 majority to pass a budget, thanks to Prop. 25. A simple majority will suffice, which could unleash a torrent of spending and taxation under the Democrats. Jerry Brown has promised to take any tax increases to the voters, but he also admitted that a previous campaign for governor was based on "lies."
"Even worse, in my eyes, Prop 23, which would have suspended that state's draconian carbon emissions regulations, was voted down by a large margin, based on a campaign slogan, "Say no to Texas oil." The coming regulations will strangle the local economy. Small businesses will face huge expenses, not to mention larger scale industrial facilities, which will simply have to downsize or close. "
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