[calcowgirl]

Schwarzenegger's proposed budget would increase spending from the current fiscal year by $13.8 billion, or nearly 12 percent. Spending on education, the largest slice of the budget, would increase from $50 billion this year to more than $55 billion next year.

YOWZA! The kiddies just love breaking the piggie bank... and spending it.
Ya think Arnold will use his Line-Item Veto Power and restore the debt repayment?

Many in the capital had expected relatively quick work could be made of the state's perennial budget battle this year, thanks to a $7.5 billion tax windfall from stock gains, home sales, business profits and more sales tax from rising gas prices.

When the smoke and mirrors clear, California is going to be in a world of hurt.

[NormsRevenge]

add on the proposed bond package and think of it as taking care of all the poor Wall St. bond brokers and union members who have to make a living .. kind of an extended social welfare benefits program,, Oh did I mention its for the children too.. illegals included.