[calcowgirl]

. All of these numbers mean one thing: Lower-than-expected deficits have almost nothing to do with Schwarzenegger's holding down spending. They have almost everything to do with the surprising vigor of the economy, which has pumped many extra billions of dollars into state coffers. The nonpartisan legislative budget office pegs the windfall of unanticipated revenues at $11.5 billion over three years.

How much infrastructure could we have purchased with $11 billion (without borrowing) had Arnold just reeled in spending?

[goldstategop]

Why not it aside for a rainy day fund? California needs a financial cushion. But then again, these people have already forgotten what happened five years ago. Amazing.

(Denny Crane: "I Don't Want To Socialize With A Pinko Liberal Democrat Commie. Say What You Like About Republicans. We Stick To Our Convictions. Even When We Know We're Dead Wrong.")