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Governor abandons budget borrowing idea

Schwarzenegger gives us a lesson in what borrowing means, in case you were not clear, and says he’s not a big fan of it, despite years of promoting it as a solution to California’s budget fiasco.

Earlier today, the governor told reporters after a legislative prayer breakfast that he was not a big fan of borrowing.

“What it basically means is that you’re pushing it off to the future,” he said of state debt.

[From Governor abandons budget borrowing idea - Sacramento News - Local and Breaking Sacramento News | Sacramento Bee]