Golden State Spending
You've probably heard by now that voters in California approved a series of ballot measures to expand gambling, while rejecting one that would have changed ...
You've probably heard by now that voters in California approved a series of ballot measures to expand gambling, while rejecting one that would have changed the state's term limits law.
Given the Golden State's $14 billion shortfall, it's not surprising that voters would favor more gambling. Governor Arnold Schwarzenegger touted the measures as revenue producers that would help combat the state's fiscal problems.
But those fiscal problems have clearly missed the gaming community, parts of which supported and opposed these measures. In this campaign, both sides spent a total of $150 million. To put that figure in context, the Romney and McCain campaigns raised and spent less than $130 million combined in all of 2007.
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