Even as California voters approved a record bond package last year, critics questioned whether it was just too big and would come back to haunt the state's finances.

Whether the $42.7 billion in borrowing for roads, schools, levees, parks and affordable housing would thrust California too far in debt was one of the leading arguments against the bonds.

Now double it.

Gov. Arnold Schwarzenegger on Tuesday proposed yet another massive borrowing plan, this one $43.3 billion for prisons, courts, schools, colleges and water storage. Can California afford a combined $86 billion in bond debt, especially when it continues to grapple with multibillion dollar annual deficits?