CHESSNOID

All the measures failed except the one that rewards our miserable state lawmakers who can’t figure out how to balance the budget.  We should have reduced all their pay.  They have no business of being paid 6 figures for the poor job they have done.

LOS ANGELES (AP) —

California’s voters on Tuesday rejected a complex slate of ballot propositions designed to keep the state from sliding further toward fiscal calamity.

The only measure they approved in a statewide special election was Proposition 1F, which will prohibit raises to lawmakers and other state elected officials during deficit years.

Voters rejected at least four of the five other measures, including Proposition 1A, the centerpiece of efforts by Gov. Arnold Schwarzenegger and other state leaders to fix California’s ongoing fiscal problems. It would have created a state spending cap while prolonging temporary tax increases and also strengthened the state’s rainy day fund.

“Tonight we have heard from the voters and I respect the will of the people who are frustrated with the dysfunction in our budget system,” Schwarzenegger said in a statement late Tuesday. “Now we must move forward from this point to begin to address our fiscal crisis with constructive solutions.”

The failure of the measures means California’s budget deficit will grow by nearly $6 billion above the current $15.4 billion deficit, forcing Schwarzenegger to make further cuts to state programs already facing major rollbacks.

At this point, you either raise taxes or cut spending. Definitely a no-brainer considering the state of California’s economy. We have both one of the highest foreclosure rates and unemployment rates in the nation.