Politics & Government

December 4, 2008

Schwarzenegger: Federal aid to state is no bailout

Gov. Arnold Schwarzenegger doesn't think you should call potential federal aid to California a bailout, handout or any other kind of out. He prefers the term "investment." Schwarzenegger has philosophical reasons for balancing his request for federal money with his insistence that he is not asking Washington to rescue California from its budget failures.

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