[TheOracleAtLilac]

let's see if I understand how things work in Sacto:

Borrowing has to be approved by voters
but, deficit spending has no oversight

[calcowgirl]

but, deficit spending has no oversight...

Prop 57/58, the $15 Billion dollar bond measure pushed by Schwarzenegger and approved by voters, provided a slush fund to allow for continued deficit spending.