[Amerigomag]

we've tapped out our state credit card

An odd comment from a person who is asking the electotrate to borrow billions more through the passage of Prop 76.

KISS. The obvious answer is that Cambell is attempting to hide the borrowing from the voters.

Vote Republican and borrow to fuel increased spending. Vote Democrat and raise taxes to allow increased spending.

Beside the desire to increase spending both parties seem to have another belief in common: A majority of the California electorate is so lazy that it depends on politicans to educate them regarding the facts.

[calcowgirl]

I've been reading all of these editorials saying that we need mid-year spending cuts. The out of control spending hasn't happened in the middle of the year--it starts with the Governors (both D and R) that have proposed out of control spending for the year. The spending cap won't change that--it is so high that it will just reinforce higher spending.

We already have to "live within our means" and have a balanced budget--it is law. And we already have a process for mid-year overruns (enacted last year under prop 58).

The only reason they need Prop 76 is to authorize the new bonds, defer more expense, and lock in the debt service payments (to allow new infrastructure bonds).

Prop 76 is another sham. No on 76!