the second to last paragraph is noteworthy as well..
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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.
The education spending is on autopilot, as a result of Prop. 98, which Arnold's Prop. 76 at the special election was going to change, remember, the "live within our means proposition" that you voted against?
Now you are complaining and blaming Arnold for the results of YOUR vote. Look in the mirror, if you want to know whom to blame for the bloated budget.
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.