Tom only talks about the good side of Prop. 76, the authority to make mid-year spending cuts whenever spending is ahead of revenues. That part we all applaud. But what does it do on the borrowing side, the first place Arnold will head rather than make dramatic cuts.
In other words, what's to keep him from making a few limp-wristed small cuts for show, then declare the need for more borrowing and/or raising of taxes?
Isn't that the real problem here?