1.0 link 225016 <![CDATA[If Governor Schwarzenegger Had Taken Yes for an Answer - No IOUs]]> http://www.huffingtonpost.com/karen-bass/if-governor-schwarzenegge_b_225016.html Today Governor Schwarzenegger becomes only the second governor since the Depression to have IOUs issued on his watch. Today he has abdicated his fiscal responsibilities and effectively turns California's finances over to Treasurer Bill Lockyer and Controller John Chiang.

Small businesses, students, seniors, and taxpayers will all start receiving IOUS. This shameful day didn't have to arrive. In fact, Governor Schwarzenegger had several opportunities to prevent it.

On June 12 Governor Schwarzenegger unilaterally blocked the Controller's authority to secure short-term loans to...

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