Legislature Fails to Agree on Governor's Fiscal Proposals: The sticking point is Schwarzenegger's call for a spending cap. The GOP says it's needed, but Democrats insist it could lead to devastating cuts - LA Times

State's Cash Supply Is Dwindling Fast: Without some kind of large bond, there won't be any money to cover the $14-billion payment due in June on loans from crisis last summer - LA Times

Devastating cuts! Exactly! You have to make devastating cuts when you have no money! You have to cap your spending! I'm going to keep using exclamation points because I'm angry!

But not as angry as Howard Bashman deserves to be.