Article: The Orange County Register, Calif., Red Ink Column.

By Peter Larsen, The Orange County Register, Calif. Knight Ridder/Tribune Business News

Oct. 15--TWO DIFFERENT VIEWS ON HOW MUCH 'WASTE' IS IN BUDGET: New governor? Check.

Outside auditor to scour the state's books? Check.

A California budget proposal for 2004-05 with no new taxes -- and slashed car fees, too -- but the same support for schools, children, police and firefighters?

Stay tuned.

Arnold Schwarzenegger won the election with ease. The state budget, though, is anything but a breeze. To assess how Schwarzenegger might -- or might not -- prepare a new budget that fulfills his campaign promises, Red Ink gave two ...

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