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Schwarzenegger legacy entwined with fiscal crisis

Saturday, July 04, 2009 12:49:25 PM
By JULIET WILLIAMS

FILE - This July 1, 2009 shows Gov. Arnold Schwarzenegger listening to a question concerning his declaration of a fiscal emergency at a Capitol news conference in Sacramento, Calif. Lawmakers failed to solve the state's whopping $24.3 billion deficit by the start of the new fiscal year. That prevents the Legislature from taking action on anything else until the crisis is resolved. (AP Photo/Rich Pedroncelli)SACRAMENTO, Calif. (AP) - California voters gave Arnold Schwarzenegger a single, blockbuster-sized mission when they sent him to Sacramento six years ago in an unprecedented election: Fix California's chaotic budget system, once and for all.

Today, California is unable to pay its bills, and Schwarzenegger finds himself mired in the worst financial crisis in decades and in a race against the clock to deliver on his promise to "end the crazy deficit spending."

In less than six months, the Republican governor will enter his final year in office and become a political lame duck, as attention begins to focus on his potential successors. That gives him little time to dig California out of its deep financial hole and enact the lasting budget reforms that he had hoped would shape his legacy.


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