[calcowgirl]

Allan Zaremberg, president of the California Chamber of Commerce and co-author of the new spending control measure, said he does not think leaders sold last year's measures as a cement-solid fix to all of the state's budget woes.

"If that perception is there, then I would explain to the voters that that was a first step," he said. "It did provide some tools to prevent future budget deficits, but this takes the next step and will give the Legislature and the governor and the constitution more tools to ensure that the state, as the title says, lives within our means."

Yep. The first step was to borrow $15 Billion dollars, and this initiative, his second step, will allow them to borrow $10 Billion more.

Zaremberg seems to think "live within our means" equates to borrowing to your margin limit. Debt is just a "tool" to him, to make it appear that the state isn't in the financial crisis that it is.

.

[NormsRevenge]

$10 Billion dollars for your thoughts, California taxpayers.

[goldstategop]

Big Business doesn't mind borrowing more or tax increases. They can pass along the cost to consumers. And for them Big Government has a built-in advantage in that it creates for them a "protected market." With this kind of perspective, its not too difficult to understand why they aren't all that enthusiastic about shrinking government or getting spending under control.

(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)