Arnold Schwarzenegger on California's possible $14 billion deficit

What we have to do is fix the budget system. The system itself needs to be fixed, and I think that this is a good year, this coming year, to fix it.

~ Arnold Schwarzenegger, Governor of California, speech made in Long Beach where he was promoting his plan for health care reform, "Schwarzenegger Will 'Declare Fiscal Emergency' In Weeks," NBC11.com, December 14, 2007

(California state spending increased by more than 40 percent since Schwarzenegger took office after the 2003 recall of then-Gov. Gray Davis.)