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January 15, 2004,
9:30 a.m. EDITOR'S NOTE: This article appears in the January 26, 2004, issue of National Review. This is a new political environment. This is the first time California has had an Austrian-born Mr. Universe as governor. Arnold Schwarzenegger, November 17, 2003 When Arnold Schwarzenegger came calling on Halloween night appropriately, my kids were out trick-or-treating in Terminator costumes to ask if I would serve on his budget-audit committee, I already knew that California's budget situation was a horrible mess. But I had no idea just how gloomy the fiscal outlook really was. After countless hours combing through the budget with star budget director Donna Arduin, we realized that the state faces roughly $15 billion annual deficits, twice as high as expected, from here to eternity. California's budget deficit is now larger than those of the other 49 states combined and this state is already the most indebted in the nation. So how is Arnold doing so far in filling this enormous fiscal black hole? He has already scored some impressive victories: He has much to the indignation of the liberal intelligentsia unilaterally slashed $150 million from the budget, including money for left-wing groups such as a taxpayer-funded pro-union think tank run out of the University of California. YOU CAN READ THE REST OF THIS ARTICLE IN THE CURRENT ISSUE OF THE NEW DIGITAL VERSION OF NATIONAL REVIEW. IF YOU DO NOT HAVE A SUBSCRIPTION TO NR DIGITAL OR NATIONAL REVIEW, YOU CAN SIGN UP FOR A SUBSCRIPTION TO NATIONAL REVIEW here OR NATIONAL REVIEW DIGITAL here (a subscription to NR includes Digital access). * * * YOU’RE NOT A SUBSCRIBER TO NATIONAL REVIEW? Sign up right now! It’s easy: Subscribe to National Review here, or to the digital version of the magazine here. You can even order a subscription as a gift: print or digital! |
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