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Gov. Schwarzenegger Discusses His Budget Proposal

Governor Schwarzenegger was Tuesday’s KVML "Newsmaker of the Day". Here are his words:

"Hello, this is Governor Arnold Schwarzenegger with another California Report.

This week, I revised my proposed budget for the upcoming year.

This is something that of course, we do every year around this time. But as you know, these are uncommon times for our economy.

I know that every family is hurting. Every state and every nation, too. This is a global recession that we are in.

But here in California, we have been hit especially hard. We have reduced some of the programs so much so, that we are now faced with eliminating them altogether.

I believe that our budget should reflect what we in California value most, even in bad times.

But our failing tax, budget and pension systems won’t allow that. And I will tell you why.

Much of California’s income tax revenues come from less than one percent of residents.

Now, think about that: 38 million Californians have to rely on 144,000 people for their schools, their fire protection, their health care, their public safety, and so many other important services.

That makes absolutely no sense.

Our diverse and dynamic state has a 21st Century economy. But our tax system is stuck in the 20th Century.

I have also pushed for a Rainy Day Fund ever since I became Governor — so

that we can save some of the state’s cash in good times, to help through the difficult times.

It’s simple. And it would work just like any smart family budget.

If the budget reform had been in place over the last ten years, this year’s deficit would be $10 billion less.

What a difference that would make to the people of California. What a difference that would make to law enforcement to social services, higher education, health care, and the list goes on and on.

It is critical that we stop putting California’s vital programs on that rollercoaster ride — one day up, the next day down. It is unfair to the people of California.

So, please urge your legislators to support reform.

Urge them to make changes, so that we in California can live up to our promises.

We live in the best state, in the most incredible nation, in the world.

We deserve a better system. It is time for reform, once and for all.

Thank you for watching, and thank you for listening."

The "Newsmaker of the Day" is heard every weekday morning on AM 1450 KVML at 6:47, 7:47 and 8:47am.

Written by mark@mlode.com