Schwarzenegger announces career change, Loan Shark

Newly elected governor Schwarzenegger warned that California must act to avert "bankruptcy" before the state's $14 billion in short term bonds must be repaid in June. The solution, a low interest consolidating bond of $15 billion. Interestingly, the governor proposes keeping taxes stable, increasing them only after he has left office and the interest payments have dwarfed any possible tax income.
Conservatives originally secured the support of the muscled celebrity after promising to restore his testicles to their boyhood glory, this reporter has heard.
Some have argued that the state of California should rely on the vast military might of the US, it's resilient people, and it's untouchable status as a public entity to resist creditors. Those few voices have been seemingly silenced by gubenatorial bill collector, Ahh-nold, who flexed knowingly at his latest address, as if to remind voters that resistance to the machine is futile.