Assembly Speaker Karen Bass

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.

Schwarzenegger's brinkmanship might satisfy his ego but it is a terrible blow to California's health and to the national economy.

When his term mercifully expires next year, California Governor Arnold Schwarzenegger will be leaving the Golden State in the worst condition than at any time its history.

As Speaker of the California State Assembly, my overwhelming challenge has been to keep California going in the face of the brutal economic recession.

From the atmosphere over the weekend at the convention, one could get the impression that the Democratic Party's base is strong and the leadership of the State Legislature has made all the right moves.