Stream Your Event | Partners | Speakers CART ITEMS: - | CHECKOUT

Gov. Arnold Schwarzenegger on California's Budget Crisis

Watch Full Video | free previews

Commonwealth Club of California

Commonwealth Club

Info
Bio
Chapters
Preview
Zoom In

Schwarzenegger: California Capital Feeds on 'Dysfunction'

02 min 57 sec

Add to Profile

California Governor Arnold Schwarzenegger says California’s state capital is "a town that feeds on dysfunction."

While stressing his commitment to change state government, Gov. Schwarzenegger is interrupted by an opera-singing protester.
Gov. Schwarzenegger Compares State Legislators to Dogs

02 min 24 sec

Add to Profile

California Governor Arnold Schwarzenegger explains how his rainy day fund would limit state spending and set aside surplus money for leaner times.

"We need this discipline," he says, illustrating his point with an example involving dog food and tax revenues.
Watch Full Program

01 hr 06 min 03 sec

Add to Profile

There are 5 comments on this program

Please or register to post a comment.

Previous FORAtv comments:

Kelly C Hitchcock

Posted: 01.26.11, 01:27 PM

The single most powerful message a politician can deliver is, "You deserve something for nothing". As long as our political leaders care more about getting re-elected than they care about the country, they will continue to spend.

Vasil

Posted: 07.02.09, 12:36 PM

We might be skeptical on whether the rainy fund will work, but let's also give a credit to Gov. Schwarzenegger for trying to balance out both Republican and Democrat interests. He is right that in order to subsequently fix the budget legislator need to both cut spending and increase taxes. Federal government is already spending a lot and the rainy fund idea on the state level is not such a bad one.

tsmitheugene503

Posted: 07.02.09, 11:14 AM

What was up with those two people who crashed the conference, that was the most entertaining part I agree with @phiscal, you nailed it on the head, "it took the following administration just a few years to squander it all on tax cuts for the rich and other foolish endeavors." Exactly. The rainy day fund will not work because they don't know how to properly handle their finances.

phiscal

Posted: 06.04.09, 02:41 PM

Ool, I agree, I don't think the rainy day fund at the government level will work. Government will break through any barriers and loot any balance in the rainy day funds. Look at the Social Security and Medicare trust funds. There is no money in them. Oh hey, just a reminder on the Clinton budget surpluses. He couldn't/wouldn't have done it without Newt. Personally I think both parties are poor financial managers.

Ool

Posted: 05.22.09, 01:52 PM

I’m not sure this whole rainy day fund idea will work. After all, the Democrats had accumulated a surplus for the entire nation a decade ago, and it took the following administration just a few years to squander it all on tax cuts for the rich and other foolish endeavors. So introducing budged-balancing measures alone might sound good but be psychologically unfeasible in the long run…

Watch Commonwealth Club of California

$99.95/Year

Unlimited access to all programs

Watch Gov. Arnold Schwarzenegger on California's Budget Crisis

$4.95

30 Days Unlimited Viewing