Arnold Deficit Clock Now At $14.8 Billion

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Arnold The Showman is back.

With Monday's joint legislative meeting on the state's fiscal crisis seemingly failing to thaw the frozen partisan fight on budget solutions, Governor Schwarzenegger today unveiled a ticking budget deficit clock and announced the current year shortfall has now grown to $14.8 billion.

That's up $3.6 billion since his estimate of $11.2 billion was released about six weeks ago. And the clock he unveiled in classic Schwarzeneggerian style today (and which will sit outside his Capitol office) is ticking away at $470 every second.

The governor called the Legislature's performance in dealing with the fiscal crisis "shameful," and pledged to stay in Sacramento as long as it takes to strike a deal. "I will do anything to move the agenda forward," he told reporters this morning.

Advisers say Schwarzenegger has summoned legislative leaders for a Big Five meeting tomorrow, and plans to give them a new... and worse... estimate for the deficit facing California between now and July 2010; current estimates have put that problem at $28 billion.

The new projection, according to gubernatorial budget director Mike Genest, accounts for both missing revenues and higher-than-expected state expenses. That's a departure from the November projection, which we were told was just the revenue side of the equation.

One lingering question of late around the Capitol has been whether Schwarzenegger can, or will, reach out to rank-and-file legislators to solve the problem, rather than relying on Big Five leadership meetings which have clearly produced zilch in results. You may remember the guv once said he doesn't particularly like Big Five meetings.

I asked him whether it's time to change his approach, and he said he would. You can hear that below.

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Also worth noting from today's news conference -- the not-so-subtle dig that Schwarzenegger took at his fellow Republicans. When asked by a reporter about GOP demands that Democrats approve a set of business friendly proposals before taxes are even discussed, the GOP governor said such proposals have never been presented in leadership negotiations.

"None of those things were discussed," he said. And then he went even further: "It's always very vague, and nothing specific." And if anyone still missed the point, Schwarzenegger kept going: "I have felt many times that Republicans did not come [to meetings] prepared, and Republicans have not been specific of what they need."

The Senate began its micro examination of fiscal issues this morning, by convening the first budget subcommittee hearing, but it's clear the governor wants to up the ante. And in his ongoing struggle to balance the carrot with the stick when it comes to the Legislature, there was nary a whiff of the orange vegetable to be found this morning.

[update: Unsurprisingly, Republicans don't seem impressed. The official written statement from Senate GOP Leader Dave Cogdill reads, in part: "Bullying the Legislature to adopt tax hikes won't make the ticking clock the governor unveiled today go away, in fact it will only make our budget problems worse. Raising taxes doesn't solve the underlying problem of California's budget, which is the state spends more than it takes in."

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About John Myers

John Myers is senior editor of KQED's new multimedia California Politics & Government Desk.  He has covered California politics for most of the past two decades -- serving previously as Sacramento bureau chief for KQED News and, most recently, as political editor for KXTV News10 (ABC) in Sacramento. He moderated the only gubernatorial debate of 2014, and was named one of the nation's top statehouse reporters by The Washington Post. Follow him on Twitter @johnmyers.

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