Calif. Fiscal Plan Criticized California Gov. Arnold Schwarzenegger unveils a plan to tackle the state's budget deficit that includes spending caps and borrowing up to $15 billion through the use of bonds. Democrats in the state legislature and at least one prominent Republican call the plan fiscally irresponsible and possibly unconstitutional. NPR's John McChesney reports.
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Schwarzenegger's Fiscal Plan Meets Opposition

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Schwarzenegger's Fiscal Plan Meets Opposition

Schwarzenegger's Fiscal Plan Meets Opposition

Schwarzenegger's Fiscal Plan Meets Opposition

  • Download
  • <iframe src="https://www.npr.org/player/embed/1512408/1512409" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

California Gov. Arnold Schwarzenegger unveils a plan to tackle the state's budget deficit that includes spending caps and borrowing up to $15 billion through the use of bonds. Democrats in the state legislature and at least one prominent Republican call the plan fiscally irresponsible and possibly unconstitutional. NPR's John McChesney reports.