It’s now worthy of a soap opera. Republican Governor Arnold Schwarzenegger announced this afternoon that he would veto the budget bill that passed last night. He announced that if the budget veto is overridden that he would veto “hundreds of bills.”
The Flash Report is a bit less certain of what the Governator will do. I do know that California has a dysfunctional budget process and that there wasn’t real structural reform this year. I don’t know how the Governor can mandate 60% of the Legislature to change their world-views. I suspect we’re still seeing the unstoppable force meeting the immovable object.
I’ll be out of town over the next few days, but I’ll try to update the latest chapters of “As The Budget Churns.”