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1 posted on 02/11/2004 6:25:27 PM PST by NormsRevenge
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To: *calgov2002; california
some terms in here that caught my interest.. "Our state has been running huge deficits that have been papered over by borrowing without voter approval. I am committed to putting our financial house in order. And I need your help. After all, it is your money. ..

so now, rather than borrowing without voter approval, we will be borrowing WITH voter approval. That makes it better, huh?

Proposition 58 does not prohibit short-term loans and some critics have argued that lawmakers can creatively use the loophole to continue borrowing.

Some might also argue that the ads give the impression that if voters approve the two measures, the state's fiscal crisis will be over. It will not.

Remember who ran this smoke and mirrors operation down the road.

2 posted on 02/11/2004 6:29:09 PM PST by NormsRevenge (Semper Fi Mac ... Support Out Troops! ...)
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To: NormsRevenge
The two ads do not deviate much from what Schwarzenegger and Westly have been saying for weeks in public appearances up and down the state

If this article starts out with this glaring inaccuracy what follows must be chicken soup.

3 posted on 02/11/2004 6:31:35 PM PST by Amerigomag
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To: NormsRevenge
To believe for an instant that the current Legislature would approve for the ballot, a spending limit as tough as the Gann spending limits already in the California Constitution (that they now ignore), is the height of stupidity.

Cut up the credit cards my butt.
5 posted on 02/11/2004 10:24:50 PM PST by Carry_Okie (There are people in power who are truly stupid.)
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