Brown and S&P

California Governor Jerry Brown’s plan to pay down years of accumulated loans used to paper over past deficits may represent a “crossroad” for the state’s credit rating, the lowest in the U.S., Standard & Poor’s said......

The state won’t be able to issue short-term notes for cash flow in July or August with that validation vote pending unless Brown and lawmakers agree on spending cuts that would be activated if voters turn down the tax plan, Treasurer Bill Lockyer has said.Bloomberg

Does this mean the Lockyer Money is about to flow from the Laser Printer? I am waiting for hear from Moody's and Mark Zandi.