While Arnold is going around endorsing systemic failure, it appears he has some extra time to wax poetic about how bad of a job he has done. His legacy: abject failure. And why not go out in a blaze of failure? Something to really show the history books a thing or two about failure.
“If I don’t get what I need, I will not sign it and it could drag on to the next governor,” Schwarzenegger told reporters after meeting with the Los Angeles Area Chamber of Commerce on Monday. (AP)
Sure, why not? I mean, I enjoyed ArnoldBucks the first time around, and if there is anything Arnold knows, it’s a good sequel.
On a more serious note, a budget fight that trails into the winter will have some serious consequences. Once again, the credit rating agencies will start trashing our rating. We’ll be paying interest on a bunch of IOUs. A slew of state employees, contractors, and suppliers will take a massive cut, continuing the devastation in the California (and Sacramento especially) economy.
On the plus side of the ledger, as MarkD pointed out in a comment, a protracted fight just might be the impetus that puts a majority vote budget measure across the line. Perhaps his little performance at the Chamber of Commerce will have some historical implications.
UPDATE by Robert: Steinberg calls his bluff:
“If the governor continues to insist on granting billions in corporate tax cuts financed by drastic cuts to public education and programs for working mothers and their children, I am prepared to grant his wish by waiting for the next governor,” Steinberg said in a statement.
This doesn’t look like it’s going to end anytime soon.