Here is Arnold's answer to your concern:
"I know some people say, "Arnold, why not wait until next year? Why have a special election now?"
But how can we just stand around while our debt grows each year by billions of dollars? If you break your arm, you don't wait until your next physical. You get it fixed now.
That's why I say don't wait until next year or the year after because every year we're adding billions of dollars in new debt.
Even if we reach a bipartisan agreement in the Legislature to bring about reform, constitutionally the people must still vote. There must still be an election.
People ask about the cost of the election. Well, do the math: for a buck and a quarter per citizen, you can fix a broken system and save the state billions of dollars. Now remember this is your money. That is a fantastic bargain!"
(From Post 2)
Hey FO! How exactly are we adding new debt unless the voters approve it?
Answer: we can't! It's prohibited by the Constitution. His reasoning is hogwash.
The "free speech" in political ads should be changed to require "truth in advertising."