Arnolds finding out.....

[sarettah]

http://www.marinij.com/cda/article/print/0...1958379,00.html

Voters face choice: $15 billion bond measure or 'Armageddon' cuts
By Michael Liedtke
Associated Press

Sunday, February 15, 2004 - SAN FRANCISCO - California is quickly running out of cash and is bracing for acute financial pain after three years of political procrastination and budget bungling.

Now voters must decide if it makes more sense to approve a $15 billion bailout bond that might extend the misery for a decade or more, or suffer it more quickly through temporary tax increases and deep spending cuts.

Gov. Arnold Schwarzenegger is trying to persuade voters the bitter medicine should be dispensed gradually - that paying back the bailout bond during the next nine to 14 years is the most humane way for California to rehabilitate itself.

His opponents say California will be making a terrible mistake if the state takes the unprecedented step of shouldering long-term debt to solve short-term problems.

In either case, it's clear that the time has finally come for California to balance its checkbook - the state will literally run out of money unless Schwarzenegger and the legislature find a way to produce $14 billion by June 16.

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Hmmm... he has to come up with 14billion by June.....

Time to learn some html Arnold