Newsom’s spending more, saving less

When Jerry Brown returned to the governorship in 2011, he faced what he called a “wall of debt” from years of severe economic recession and deficit-riddled state budgets.
Accordingly, he made paying off that debt, more than $30 billion, and armoring the budget against future recessions his top priority. Brown persuaded voters to approve what was supposed to be a temporary tax increase, mostly higher income taxes on the affluent, and later a “rainy day fund” that would cus