What’s an Arnoldbuck? (VIDEO)

UPDATE: Arnold Schwarzenegger isn't governor anymore, Jerry Brown is! And thanks to Prop. 30, the California budget is now in MUCH better shape.

Caught on camera: The absurdity of Arnoldbucks

California faces financial "Armageddon," as Arnold Schwarzenegger bluntly stated a few weeks ago. And yet Arnold and his fellow Republicans rejected compromises by Democrats to rescue our state from a catastrophic budget crisis, unparalleled in the history of California.

Because of the ridiculous 2/3rds budget rule -- the super-majority required to pass a budget in the California state legislature -- and Arnold's failure to deliver even one vote from a small cabal of obstructionist Republicans, Californians will be getting IOUs in the mail instead of financial aid checks or tax refunds, starting as soon as Thursday, July 2.

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