A win for fiscal conservatism and all of us out here who believe we shouldn't bail out the government with out tax dollars every time they choose to overspend.
Reporting from Sacramento -- The "big five" elected leaders -- Schwarzenegger and the legislative chieftains from both houses -- are slated to begin closed-door meetings today upon the governor's return from Washington, where he spent election day after casting a last-minute absentee ballot.
On Thursday a small group of Senate and Assembly members will hold the first of what's expected to be a slew of daily public sessions to wrangle over the details of the budget.
Schwarzenegger has called for cuts that would hit every corner of the state. He announced plans to lay off 5,000 of the state's 235,000 workers and has proposed slashing education by up to $5 billion, selling state properties, borrowing $2 billion from local governments and potentially reducing eligibility for healthcare programs.