Feinstein 'reluctantly' backs Propositions 1-A, 1-B****

Just in time for next Tuesday's election, Sen. Dianne Feinstein released a statemetn in support of two of the propositions before voters.
"I will reluctantly vote for 1A and 1B because I do not see any way to prevent a greater financial disaster for the state of California," Feinstein said in a statement.
"Voters are confronted with these bad choices because we don't have a budgeting system that works effectively and efficiently in times of budget crisis. Ultimately, I believe major reform is necessary in order to put California back on track."
While Gov. Arnold Schwarzenegger would have liked Feinstein to back all the measures on the ballot, 1-A and 1-B are the principal ones he wants to see approved.
Feinstein's full statement:
"The propositions on the May 19th ballot represent a Hobson's choice for California voters. On Monday, Governor Schwarzenegger said that California's budget deficit had ballooned to $15.4 billion - and that if these ballot propositions fail, it would swell to $21.3 billion.
I will reluctantly vote for 1A and 1B because I do not see any way to prevent a greater financial disaster for the State of California. I will vote against Proposition 1C because I do not believe that taking money from future lottery proceeds to reconcile existing debt is advisable in public finance.
Propositions 1D and 1E, which would enable money to be taken from special funds and put into the General Fund, are indicative of a real problem facing the state. That problem is this: With money being locked up or reserved for special purposes, the state does not have any flexibility when there is a major revenue loss like the one that has just taken place.
Voters are confronted with these bad choices because we don't have a budgeting system that works effectively and efficiently in times of budget crisis. Ultimately, I believe that major reform is necessary in order to put California back on track. "