You may have heard some talk about an amendment dealing with a state cap on spending that will be on the November ballot here in Nebraska. According to proponents of the measure, Amendment 423 will require politicans "to live by the same standards that families, individuals, and businesses have to live by everyday." Specifically, Amendment 423 will limit the growth of government spending to the rate of inflation plus population growth each year.
Here is a combination fact sheet and "myth buster" page from the web site hosted by SOS (Stop OverSpending) Nebraska. I think you'll find it, at the least, illuminating.