July 23, 2008

Schwarzenegger demands budget reform

Taking what was one of his hardest lines in the budget to date, Gov. Arnold Schwarzenegger said unequivocally in an interview with the Associated Press that he wouldn't sign a budget without long-term budget reform.

"I will not sign a budget that doesn't have budget reform in it, because otherwise I could not keep the promise to the people of California. I told them in 2003 that we are going to become more fiscally responsible and that we are going to go and to start living within our means," Schwarzenegger told the AP.

"Now here we are in an economic slowdown, and again we don't have that rainy day fund set aside."

Posted by Shane Goldmacher on July 23, 2008 9:34 AM