Arnie breaks silence
Action film hero Arnold Schwarzenegger has broken his silence on how he would dig California out of its financial hole if he is elected governor, but said it was too early to unveil detailed plans.
The newly minted Los politician faced reporters yesterday clamouring for details of his economic revival plan for the troubled state for the first time in two weeks, but declined to spell out the detailed plan his opponents have demanded.
But, after a meeting of his high-powered economic war council in Los Angeles, he promised not to raise taxes or make education cuts and promised an independent audit of the state's books if he triumphs in the October 7 polls.
"Additional taxes are the last burden that we need to put on the backs of the citizens and businesses of California," he said, flanked by his economic advisors, billionaire Warren Buffett and ex-US secretary of state George Schultz.
He also promised to cut state spending, tackle the state's troubled workers' compensation system, seek regulatory reforms and institute a state spending cap to avoid a budget deficit, but said the details of the changes had yet to be worked out.
"Needless to say the elephant in the room when it comes to California's recovery is the state's irresponsible operating deficit and the massive debt that this governor has allowed California to incur," he said.