[FairOpinion]

"state Treasurer Phil Angelides, a Democrat expected to run for governor in 2006, is scheduled to launch today an advertising campaign against the $15-billion borrowing plan."

The Democrats are already starting to undermine Arnold's CA recovery plan.

Republicans need to figure out, whose side they are really on.

[FirstPrinciple]

Not true. If you wish the best for CA, you would be against the "borrowing" (read future tax hikes) plan as well. I have no idea why a Democrat proposes it, but politics makes strange bedfellows. What Arnie needs to do is cut spending like a true Terminator.

[South40]

Arnie in San Diego

[Tamzee]

Later in the above article...

"The cap he proposed would lower spending by $14 billion starting in July. Then, the spending limit would rise no faster than population and per capita income."

There he goes again... dang librul ;-)

[Salvation]

To read later.

[concentric circles]

The spending cap to go with the bonds sounds good but in California it's only a matter of time before the cap is gutted just like the last spending cap we had.

What we're left with is an obligation to pay an estimated $30 billion in principal and interest over the life of the bonds.

That doesn't look very attractive when it is estimated that $5 billion in cuts now and freezing spending at that level in the next budget would accomplish the same thing over the lifeftime of a measely two budget years.