Now it's your turn. California's fiscal melodrama is headed to voters in a special May election. Governor Schwarzenegger and legislators in both parties say the spending cap and four other ballot measures are necessary to solve the state's $42 billion budget crisis.
Critics on the Left and Right say pieces of the complex package are flawed, creating unusual alliances. After years of fiscal brinksmanship, nearly all agree structural reform is needed to make California governable again.
Gregory Dalton is chief operating officer at the Commonwealth Club of California and Director of The Club's Climate 1 Initiative. He previously was international editor at The Industry Standard magazine, an editor for the Associated Press in New York, and a correspondent in China and Canada for the South China Morning Post, a Hong Kong newspaper.
Proficient in both Mandarin and Cantonese, he is a former term member of the Council on Foreign Relations.
Arnold Schwarzenegger is an Austrian-American bodybuilder, actor, businessman, and politician, currently serving as the 38th Governor of the state of California. In May 2004 and 2007, he was named as one of the Time 100 people who help shape the world.