The Pros and Cons of Spending Caps
With all of the talk this week, and this budget season, about a new constitutionally mandated cap on state spending, we decided to take a wider view of the issue.
On this morning's edition of The California Report, I reported not just on the spending cap proposals being talked about by both legislative Republicans and Governor Schwarzenegger, but also a look back at why some say the state's exisiting spending cap (yes, there's already one on the books) was modified in 1990.
The story is about 2:40 into this morning's program, which you can hear below.


