Governor Holds Press Conference on State Budget
“. . . when they send me the budget, I will veto it.” - Posted 09/16/08
"Good afternoon. You know, when the people of California sent me to Sacramento I promised them that I will fight for them and I will fight to change the broken system, to fix the rollercoaster budget system that promotes always big spending when our economy does well and then we don't have enough money when our economy is down. The people were sick and tired of a system that uses taxpayers as an ATM machine, or to continuously borrow from the future.
Our national economy, as you know, is in distress right now because big mistakes were made -- big mistakes. Wall Street was living in debt and in denial, and the same can be said also of Sacramento. Legislators had the chance to fix our past mistakes and put us on the right course, but they refused to do so.
Instead, the budget that they passed early this morning takes our problems and makes them even worse. It takes billions of dollars from the paychecks of hardworking families just to get us through this year, while we are pushing big deficits into the next year. For small businesses trying to meet a payroll, the government would force you to pay more of your taxes early so we could meet our payroll. And worst of all, this budget includes a flawed rainy day fund that will do nothing to stop this from happening again and again and again.
So I say enough is enough. Californians have been put through this rollercoaster ride too many times and so this is why, when they send me the budget, I will veto it." Gov. Arnold Schwarzenegger 09/16/08
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