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  • Schwarzenegger unveils California spending cuts in bid to stem financial black hole

    01/09/2004 7:25:03 PM PST · by NormsRevenge · 6 replies · 194+ views
    Yahoo News via Drudge ^ | 1/9/04 | AFP - San Francisco
    SAN FRANCISCO (AFP) - California Governor Arnold Schwarzenegger (news - web sites) unveiled his first state, including cuts to education and healthcare spending in a bid to curb the largest state's multi-billion-dollar deficit. AFP/Getty Images Photo   The former actor-turned-politician said he had been forced to make radical spending cuts in the face of a projected 12-14 billion dollar budget shortfall for 2004. Aides say Schwarzenegger's plan will balance the state's precarious finances. "Over the past five years the politicians have made a mess of the California budget, and now it's time to clean it up," Schwarzenegger said in a...