Arnold Bucks!

California faces financial "Armageddon," as Arnold Schwarzenegger bluntly stated a few weeks ago. And yet Arnold and his fellow Republicans are rejecting compromises by Democrats to rescue our state from a catastrophic budget crisis, unparalleled in the history of California.

Because of the 2/3rds budget rule -- the super-majority required to pass a budget in the California state legislature -- and the failure to get that super-majority, Californians will be getting IOUs in the mail next week instead of financial aid checks or tax refunds.