That day has already come:
1)A $15B bond has been authorized
2)State user fees have risen dramatically under the Schwarzenegger administration.
3)Local communities are being forced to raise the sales tax to offset the losses to the state.
4)The limit on property tax increases is under attack by state, county and municipal governments.
5)"Special Service Districts" are being proposed at the largest rate in history.
The sentiment expressed is, I'm afraid, simply a historical note.
As I recall, Arnold promised to, "cut up the credit cards," if voters authorized borrowing $15 billion.
So, the voters gave him the money and what does he do?
An $8 billion deficit two years out isn't even close. I have yet to hear about a significant layoff or a single major program cut. This with the additional burden he has placed on local government to raise taxes to stay afloat.
What a gutless weasel.