Free Republic

SACRAMENTO ---- California's chronic spending imbalance has generated multibillion dollar deficits each of the last four years and is set to create another $6 billion shortfall in the next fiscal year. A state government spending beyond its means was one of the main reasons for the recall effort against former Gov. Gray Davis, the 2003 special election that catapulted Gov. Arnold Schwarzenegger into the governor's seat. Schwarzenegger's solution for taming the perpetual budget deficits is a 6,000-word ballot measure that would completely overhaul how the state spends money and would give the governor authority to make midyear cuts if spending...