Spending Problem, Still

From Michael J. New, an assistant professor of political science at the University of Alabama and an adjunct scholar at the Cato Institute:

Last Monday Governor Schwarzenegger announced that California will hold a special election this fall on several high-profile initiatives.

While Schwarzenegger's willingness to use the initiative to circumvent the legislature is admirable — going straight to the voters — the content of these initiatives is in many respects disappointing.