News We Could Have Used in 2004

“California Governor Arnold Schwarzenegger will seek ‘terrible cuts’ to eliminate an $18.6 billion budget deficit facing the most-populous U.S. state through June 2011, his spokesman said.”

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If only that quote had come in 2004 or 2005, the reputation of both Arnold and California would be doing infinitely better today. And while California remains the most-populous US state for now, the outflows continue, something a governor who was more concerned with green eyeshade accounting rather than green energy fantasies might have prevented.

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