HomeUploadUpload DirectHotlinkRandomAbouttheme toggle
Expand

Arnold's Last Stand: How the Lame-Duck Governor Is Fighting for One Last Win Over Unions

Views:938
@ReasonVids

For months, California has been a laughingstock state, unable to pass an annual budget, facing a declaration of "fiscal emergency," fighting over pay cuts and furloughs for government employees, threatening to issue IOUs to creditors. With a "framework" budget agreement expected to pass later this week, Reason.tv looks at why this long fight over a bloated budget may be good news for California's future.

The Golden State is facing a half-trillion-dollar shortfall in funding its pension commitments to public employees. But this year, Gov. Arnold Schwarzenegger, who has fought the unions and lost many times, got the momentum on his side. As the public seethes over cuts to public services and excessive compensation to public employees, Schwarzenegger has used the budget negotiation as leverage to wring concessions from the Democrats and their patrons in organized labor.

The first steps toward reform have already been taken. Several government employee unions have agreed to less expensive contracts, and the budget deal reportedly includes the repeal of a 1999 law that drastically increased the unfunded pension burden on taxpayers. The termed-out Schwarzenegger won't be back. But the fight to get the state's pension crisis under control will continue.

Approximately 6:09 minutes.

Written and produced by Tim Cavanaugh. Shot and edited by Alex Manning.

Related: More Taxes or More Jobs? California Shows We Can't Have Both: http://www.youtube.com/watch?v=a8bQDqe2NPo

Go to http://reason.tv for HD, iPod, and audio verisons, and subscribe to Reason.tv's YouTube channel to receive automatic notification when new content is posted.

reason.tv
,
reason.com
,
reason.org
,
reason foundation
,
reason magazine
,
california
,
pensions
,
government unions
,
armold schwarzenegger
,
tim cavanaugh
,
alex manning
    Thumbnail for Filmmaker Michael Covel on Broke: The New American Dream9:19
    Filmmaker Michael Covel on Broke: The New American Dream
    ReasonVids
    1044 views
    Thumbnail for Environmentalists Would Buy the Land They Want to Protect, If The Government Allowed It4:38
    Environmentalists Would Buy the Land They Want to Protect, If The Government Allowed It
    ReasonVids
    919 views
    Thumbnail for Alligator Dance | CrappieLander2:59
    Alligator Dance | CrappieLander
    invidious
    447 views
    Thumbnail for TOOL - Hooker With A Penis4:35
    TOOL - Hooker With A Penis
    music.topic
    58 views
    Thumbnail for English people things3:29
    English people things
    bestofupgoat
    221 views
    Thumbnail for 🔴 Venice Beach Live Camera · Los Angeles Live Stream · presented by the Venice V Hotel | Teleport.camera1:00
    🔴 Venice Beach Live Camera · Los Angeles Live Stream · presented by the Venice V Hotel | Teleport.camera
    invidious
    347 views
    Thumbnail for Sakurai when designing Shadow in Ultimate | UR2SLOW4:31
    Sakurai when designing Shadow in Ultimate | UR2SLOW
    invidious
    296 views
    Thumbnail for Had To Figure Out What This Zeepkist Tracks Name Meant, We Liked It - Kick or Clutch Ep. 64 | OwlPlague9:48
    Had To Figure Out What This Zeepkist Tracks Name Meant, We Liked It - Kick or Clutch Ep. 64 | OwlPlague
    invidious
    380 views
    Thumbnail for The Simpsons - Homer as Mr. Burns' assistant | letsbepandas1:45
    The Simpsons - Homer as Mr. Burns' assistant | letsbepandas
    invidious
    190 views
    Thumbnail for THEY Finally Admit It Was Always About Compliance | Memology 1011:45
    THEY Finally Admit It Was Always About Compliance | Memology 101
    invidious
    281 views
    Thumbnail for #pov an angry customer asks to speak to the manager... | Eliana Ghen0:15
    #pov an angry customer asks to speak to the manager... | Eliana Ghen
    invidious
    338 views
    Thumbnail for Neil Oliver Interviews Kevork Almassian – WW3 & Counting!!! | Neil Oliver1:10:43
    Neil Oliver Interviews Kevork Almassian – WW3 & Counting!!! | Neil Oliver
    invidious
    147 views
    Thumbnail for Off they go! 0:07
    Off they go!
    bestofupgoat
    420 views
    Thumbnail for Lucretia, Joe Rogan, the Little negromaid and a chicken leg plus rumors of an Asian Nascar driver: welcome to 20230:40
    Lucretia, Joe Rogan, the Little negromaid and a chicken leg plus rumors of an Asian Nascar driver: welcome to 2023
    AOUisgay
    537 views
    Thumbnail for A Grandma's Retaliatory Arrest: IJ Takes Her Fight to the Supreme Court | Institute for Justice29:30
    A Grandma's Retaliatory Arrest: IJ Takes Her Fight to the Supreme Court | Institute for Justice
    invidious
    353 views
    Thumbnail for Soft Jazz Music to Work☕Outdoor Coffee Shop Ambience ~ Exquisite Autumn Jazz & Falling Autumn Leaves | Coffee Music1:00
    Soft Jazz Music to Work☕Outdoor Coffee Shop Ambience ~ Exquisite Autumn Jazz & Falling Autumn Leaves | Coffee Music
    invidious
    248 views
    Thumbnail for Easy Meals At Christmas | Jamie Oliver | Full Episode 224:08
    Easy Meals At Christmas | Jamie Oliver | Full Episode 2
    invidious
    174 views
    Thumbnail for London's unfinished motorways | Jay Foreman12:19
    London's unfinished motorways | Jay Foreman
    invidious
    418 views
    Thumbnail for #AstilleroInforma | En G20, Sheinbaum propone destinar 1% del gasto militar a reforestación | Julio Astillero2:07:14
    #AstilleroInforma | En G20, Sheinbaum propone destinar 1% del gasto militar a reforestación | Julio Astillero
    invidious
    159 views
    Thumbnail for WHAT THE FUCK IS WRONG WITH WHITE WOMEN???0:21
    WHAT THE FUCK IS WRONG WITH WHITE WOMEN???
    bestofupgoat
    74 views
    Thumbnail for Bills vs Dolphins Live Play by Play & Reaction | Tom Grossi1:00
    Bills vs Dolphins Live Play by Play & Reaction | Tom Grossi
    invidious
    282 views
    Thumbnail for Ma! Call the fucking cops or the ASPCA!0:28
    Ma! Call the fucking cops or the ASPCA!
    bestofvoatxyz
    672 views
    Thumbnail for Mission Nigpossible!0:25
    Mission Nigpossible!
    bestofupgoat
    460 views
    Thumbnail for “2025 is my year fr” Same mf 4 months into 2025: | FunnyMemeSpot0:20
    “2025 is my year fr” Same mf 4 months into 2025: | FunnyMemeSpot
    invidious
    104 views
    Thumbnail for Disharmony  original content0:33
    Disharmony original content
    bestofupgoat
    184 views

points

Permalink
Reply
reason.tv
,
reason.com
,
reason.org
,
reason foundation
,
reason magazine
,
california
,
pensions
,
government unions
,
armold schwarzenegger
,
tim cavanaugh
,
alex manning
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle