Schwarzenegger’s California Budget Deficit Reduction Plan is a SHAM

California Gov. Arnold Schwarzenegger uses a chart to help explain his state budget plan during a news conference in Sacramento, Calif., on Thursday, Jan. 10, 2007.

The California State Budget for this next year is running $14 billion in the red and Governor Arnold Schwarzenegger has proposed a budget deficit reduction plan. This plan involves borrowing money, deferring debt payments and the counting future tax revenue, according to a report released today by the nonpartisan Legislative Analyst’s Office.

The Governator’s plan is a sham. He defers hard budget choices as he has done every year while in office. Remember when California voters were asked to approve borrowing to bail out Democrat Governor Gray Davis’s budget?

How many different times does Flap have to spell it out that Arnold Schwarzenegger has been a disastrous Governor for California – on the order of Gray Davis.

Now, Arnold who has failed to balance the budget in every fiscal year he has been California governor has proposed new draconian cuts and new borrowing and accounting gimmicks. But, does Schwarzenegger REALLY want such draconian cuts or is this theater?

Time for Arnold to make legitimate budget decisions.