The centerpiece of Schwarzenegger's budget is a novel plan to ask voters for permission to borrow $15 billion from Wall Street against future earnings of the state lottery, and to temporarily raise the state portion of sales taxes -- now 6.25% -- by 1 percentage point if voters reject the proposal in November.
"As the deficit grew these past few months, I knew that we could not solve this crisis by cuts alone," the governor said in presenting his proposals. "We had to get creative."
Yeah, I guess you could call that creative.
I prefer the Governor when he's being a bit more honest.