Schwarzenegger Making History

The state of California, run by Gov. Arnold Schwarzenegger, has been in turmoil over it's state budget plan for a while now. California is the only state with out a state budget plan this late in the fiscal year. Schwarzenegger and lawmakers have been battling it out since the beginning of the fiscal year, with Schwarzenegger threatening to veto any legislature until a state budget bill is passed. California is now about $15 billion in debt. Lawmakers finally approved a $143 billion dollar budget plan on the 78th day of the fiscal year. The delay has costed many state employees their jobs, with Schwarzenegger cutting 20,000 state jobs and making 200,000 other state employees being paid at the federal minimum wage. The cuts have yet to be made, since authorities have not yet acted, determined to undermine the governor's plans.

Yet even with the budget plan, Schwarzenegger announced today that he will veto the state budget plan, claiming that the long-overdue spending plan lawmakers approved lacked long-term fiscal reforms and would burden taxpayers. Senate leaders have already announced that they will override the governor's veto.

If Schwarzenegger follows through on his threat, it would mark the first time in modern history that a California governor would veto a state spending plan.*

*Taken from Yahoo!