Guest opinion

A bad idea: Borrowing our way out of debt

State Sen. Tom McClintock

By State Sen. Tom McClintock

By conventional analysis, the stunning and overwhelming passage of Propositions 57 and 58 has placed California on the road to fiscal recovery. The unprecedented $15 billion bond gives the legislature and the administration the time they need to put the state’s finances in order.
The stern spending limits in Proposition 58 will give the governor added tools to restrain state spending. The stunning margin of victory great...

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