I've pointed out Arnold Schwarzenegger's heinousness before, but I think this graph will help illustrate the point.
Schwarzenegger lied to the voters, said he would "cut up the credit cards" of the Sacramento spenders, and then went on to become the biggest spender in the history of California.
Allow me to illustrate:
That's right, Schwarzenegger ramped up spending about 45% in four years, all the while pretending that the real estate bubble would keep growing forever. And now that the bubble has burst, he's too cowardly to propose anything as obvious as a rollback to 2004 spending levels.
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There are very few financial problems that can't be solved by a suitable application of asset bubbles.