If I am reading this right Gov Arnold's plan leaves not room for pork in Calf govenment for the next 20 years.
For example, later in the article:
Some Democrats are not only frustrated by the governor's set of priorities--the package includes no money for new parks, affordable housing or high-speed rail--but also his usurping of the state's entire borrowing capacity.
It's an interesting idea, I hope it works out for the Gov.
Ahhh... but there is pork... it's just a different flavor.
If the future were definable and Arnold's track record was one of fiscal conservatism, spending money on the prudent investments, I might agree with you. Unfortunately, that isn't the track record. So, as I see it, this plan lays out the blueprint to maximize our expenditures (and max out our credit capacity) and to designate the beneficiaries of the pork for the next decade. (Did I mention that the NY bankers will be most pleased with the rate of return on their bonds--not to mention the commissions for selling them--given our dismal credit ratings?). And, when the inevitable hiccup in the economy occurs (or one of our normal emergencies--fires, earthquakes, floods, etc.), tax increases will be the only only solution as a huge portion of the revenues will be dedicated to debt service.