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Politics...
So the Republicans abstained, and the Dems and McClintock voted AGAINST Arnold's proposal.

Won't really matter- only voters can approve this kind of bond issuance. The only difference is when- March 2004 or November 2004.
IMO, this mught just be wonderful. Now Arnold has lots of ammo to lay off, close down, cut back, and closely review each and every position, commission and it's members, ETC. It might be just exactly what will help Calif the most. Costs have to be cut, IMO, not just more bond floats.

ridesthemiles said: "It [failure to get the 15 billion bond on the March ballot] might be just exactly what will help Calif the most. "

If I ever become convinced that this is the outcome that Arnold wanted, I will be impressed. I agree that only a lack of cash will bring about cuts in Kalifornia.

I agree, the Dems blew it big time. Arnold will get the signatures to place a spending cap propositon on the November ballot. It will pass quite easily.

He wanted the $15 mil bond issue to get through the squeeze for this year and next due to the mess that the Dem legislature and former governor got us into. It was not because he wanted to spend lots of money.

Now, without the bond measure, he will be cutting spending left and right for the rest of this fiscal year ending 6/30 any where he is legally able. Plus, he has a line item veto. So, when the Dems send him a budget next June or July, then he can slash the hell out of it.

No matter how you cut it, Arnold did the right thing. He comes out looking like a hero and the Dem legislature like a bunch of jerks. In the end, this may be better than passing the bond issue as it may force even greater cuts in state spending.

The Dems still have a couple of days next week to change their mind. I would not be surprised if they do. As for McClintock, he will hang himself with his totally dogmatic position. There was a man who had an opportunity to be a hero and advance himself. I was a supporter for years. Now, I just shake my head at his stupidity.