'...lawmakers including Governor Arnold Scwarzenegger all but conceded defeat in a last ditch effort to fix the state's budget crisis.
Governor Schwarzenegger and other legislative leaders released these statements Tuesday night.
Governor Arnold Schwarzenegger:
"Tonight we have heard from the voters and I respect the will of the people who are frustrated with the dysfunction in our budget system. Now we must move forward from this point to begin to address our fiscal crisis with constructive solutions. We face a staggering $21.3 billion deficit and in order to prevent a fiscal disaster, Democrats and Republicans must collaborate and work together to address this shortfall. The longer we wait the worse the problem becomes and the more limited our choices will be. That is why tomorrow, we will come together to begin to develop a budget solution that gets our state back on track.
"We must also continue to fight for real, comprehensive budget reform that brings stability to California's budget process and forces the state to save in the good times so that we do not face these kinds of deep deficits, devastating cuts and tax increases when the economy takes a downturn. I have been working to accomplish this kind of reform since I was elected in 2003 and I will keep working toward it because we cannot allow this harmful and out-of-control budget process to continue."'
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