There are no two ways about it, those are tough cuts that we are making. But we have no choice. We have absolutely no choice, because our wallet is empty, our bank is closed and our credit is dried up. We are not like Washington. You see, in Washington they print more money. We cannot print more money here. They can run up a trillion dollar deficit; we cannot do that. We can only spend what we have. That is the harsh but simple reality.
More on this issue in French in Bellaciao: ” Schwarzenegger : l’Etat américain risque la banqueroute à la mi-juin“