Arnold wants $8 billion from Feds or Must think he is a Dem. sen voting on healthcare Let the state go bankrupt- don't be such a "girly" man Arnold. California is the poster-child for liberal fiscal foolishness and it's time for the chickens to come home to roost. Investor's Business Daily reports that: Gov. Arnold Schwarzenegger has an idea: He wants President Obama to give him $8 billion - or else, he says, he'll kill or slash most of the state's welfare programs, cut pay for 200,000 state workers and end two tax breaks for big corporations. The White House should do California a favor and say no. The only thing that will help at this point is for the state's citizens to vote the Legislature out of office or for the state to be forced into bankruptcy. The Legislature has been under almost exclusive Democratic control for decades. Time for change According to the IBD, California is home to more than 1/3 of the nation's welfare recipients. Their under performing schools are home to the 2nd highest paid teachers in the US. Despite their dismal record , the state legislators are: "the country's highest-paid state legislators, pulling down nearly $100,000, with $30,000 in tax-free money for their "expenses" and a state-provided car for their use." By most objective measures, the economy is among the worst in the nation. Unemployment of over 12% is well above the national average of 10% no surprise, considering the nonpartisan Tax Foundation recently ranked California 48th among the states on business-tax competitiveness.