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I do think this vote is also about "health care reform." In a Time magazine article, Schwarzenegger reported the proposed plan, which includes vastly expanding Medicaid, would add another $3-4 billion to California's budget annually for tax payers to handle. Our politicians are doing what so many now in housing foreclosure have done - pulling all the equity out of the property, or over leveraging the property, without planning for a rainy day. The administration's proposed Fiscal Year 2010 budget included a recommendation that health insurance reform be "paid for" by limiting the value of the mortgage interest deduction - a great way to stimulate the housing market??? The money will have to come from somewhere at some point in time, and guess who will pick up the tab.....
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