Here it is, ladies and gentleman: the Governator's plan to save California:

1. Start with a $13.5 billion deficit.

2. Cut an unpopular car tax, adding $4.3 billion to the deficit.

$13,500,000,000 + $4,300,000,000 = $17,800,000.000

3. Ask for a $15 billion bond to pay of the deficit.

$17,800,000.000 - $15,000,000,000 = $2,800,000,000

4. Cut $2 billion dollars from the budget by cutting hiring (no new state jobs) and travel (no trips out of Sacramento to see the rest of the state).

$2,800,000,000 - $2,000,000,000 = $800,000,000

5. Refuse a salary. The governor's salary is a whopping $175,000. (Arnold made $30 million for making Terminator 3.)

$800,000,000 - $175,000 = $799,825,000

6. ????

7. PROFIT!

Meanwhile, the bond matures, and the next generation of Californians are stuck with a $20 billion debt to pay off.

Schwarzenegger is asking the people of California to pay off one credit card with another credit card. And that's irresponsible unless you also have a plan to pay the bond off without passing that debt on to a future generation.

However, I appreciate what Schwarzenegger's trying to do. He doesn't want to cut school funding or hurt social programs. Cutting taxes, on the other hand, isn't going to help.