Governor Arnold Schwarzenegger: As Good as It Gets? California's Grand Budget Compromise (3/12/09)

Governor Arnold Schwarzenegger: As Good as It Gets? California's Grand Budget Compromise

Now it’s your turn. California’s fiscal melodrama is headed to voters in a special May election. Governor Schwarzenegger and legislators in both parties say the spending cap and four other ballot measures are necessary to solve the state’s $42 billion budget crisis. Critics on the Left and Right say pieces of the complex package are flawed, creating unusual alliances. After years of fiscal brinksmanship, nearly all agree structural reform is needed to make California governable again.

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