Schwarzenegger Holds Press Conference On California Budget Crisis

LOS ANGELES, CA - JULY 02: California Governor Arnold Schwarzenegger holds a press conference on July 2, 2009 in Los Angeles, California. The governor attacked the Democratic-led state legislature, saying it is putting union interests over taxpayers' well-being. The governor made the remarks as the state was about to start issuing IOUs instead of payments. (Photo by John Moore/Getty Images)

Schwarzenegger Holds Press Conference On California Budget Crisis

LOS ANGELES, CA - JULY 02: California Governor Arnold Schwarzenegger holds a press conference on July 2, 2009 in Los Angeles, California. The governor attacked the Democratic-led state legislature, saying it is putting union interests over taxpayers' well-being. The governor made the remarks as the state was about to start issuing IOUs instead of payments. (Photo by John Moore/Getty Images)

Governor Schwarzenegger Tours Prison Where Riot Took Place

CHINO, CA - AUGUST 19: California Governor Arnold Schwarzenegger looks on during a press conference at the California Institution for Men prison on August 19, 2009 in Chino, California. After touring the prison where a riot took place on August 8th, Schwarzenegger said that the prison system is collapsing and needs to be reformed. (Photo by Michal Czerwonka/Getty Images)

Governor Schwarzenegger Tours Prison Where Riot Took Place

CHINO, CA - AUGUST 19: California Governor Arnold Schwarzenegger (L) looks on as Warden Aref Fakhoury (R) speaks during a press conference at the California Institution for Men prison on August 19, 2009 in Chino, California. After touring the prison where a riot took place on August 8th, Schwarzenegger said that the prison system is collapsing and needs to be reformed. (Photo by Michal Czerwonka/Getty Images)

Gov Schwarzenegger And Jesse Jackson Speak To Students At L.A. High School

LOS ANGELES, CA - SEPTEMBER 17: California Gov. Arnold Schwarzenegger attends an assembly of students at Dorsey High School on September 17, 2009 in Los Angeles, California. The governor encouraged the students to take a more active role in the future of California. Schwarzenegger announced he is calling on the legislature to enact statutory changes to qualify the state to compete for the $4.35 billion federal competitive grant program in the American Recovery and Reinvestment Act, called Race to the Top, for education reform and improvement. (Photo by David McNew/Getty Images)

Michael Katsidis v Vincent Escobedo

LAS VEGAS - SEPTEMBER 19: California Gov. Arnold Schwarzenegger watches an undercard fight at the Floyd Mayweather Jr. and Juan Manuel Marquez bout at the MGM Grand Garden Arena September 19, 2009 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images)

Schwarzenegger Addresses State's Water System, Signs Legislative Package

SAN JOSE, CA - NOVEMBER 10: California Governor Arnold Schwarzenegger looks on during a bill signing ceremony at the Santa Clara Water District offices November 10, 2009 in San Jose, California. Gov. Schwarzenegger signed California State bill SBX7-7 authored by State Senate President pro Tem Darrell Steinberg (D-Sacramento) as part of an historic $11 billion legislative package designed to reform and rebuild California's aging water system. (Photo by Justin Sullivan/Getty Images)

California's Governor Arnold Schwarzeneg

California's Governor Arnold Schwarzenegger delivers a speech during the World Region Forum in Milan on November 18, 2009. Representatives of the world's most important regions meet during the forum to discuss together the role of sub-national government and to share their most successful experiences in sectors that are critical for development. AFP PHOTO / GIUSEPPE CACACE (Photo credit should read GIUSEPPE CACACE/AFP/Getty Images)

California Governor Arnold Schwarzenegge

California Governor Arnold Schwarzenegger talks to the Danish media as he leaves his hotel in Copenhagen on December 15, 2009 to go to a press conference at the UN Climate Change Conference at the Bella Center. AFP PHOTO Claus Bech/Scanpix 2009 (Photo credit should read CLAUS BECH/AFP/Getty Images)

California Governor Arnold Schwarzenegge

California Governor Arnold Schwarzenegger works out in a local fitness center in central Copenhagen on December 16, 2009. Schwarzenegger called on December 15, 2009 for a UN climate summit for cities and other sub-national regions, offering to host it in his state. AFP PHOTO Anders Debel Hansen/ Scanpix (Photo credit should read Anders Debel Hansen/AFP/Getty Images)

City of Hope's Music and Entertainment Industry's Spirit of Life Gala

LOS ANGELES, CA - JANUARY 13: California Governor Arnold Schwarzenegger arrives at City of Hope's Music and Entertainment Industry's Spirit of Life Gala in the Diamond Ballroom at the Ritz-Carlton and JW Marriott Hotels on January 13, 2010 in Los Angeles, California. (Photo by Kevin Winter/Getty Images)

California Governor Arnold Schwarzenegge

California Governor Arnold Schwarzenegger speaks to reporters after members of the National Governors Association met with US President Barack Obama February 22, 2010 at the White House in Washington, DC.AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)

Members Of Nat'l Governors Association Meet With Obama

WASHINGTON - FEBRUARY 22: California Governor Arnold Schwarzenegger speaks to reporters after meeting with President Barack Obama at the White House on February 22, 2010 in Washington, DC. The nation's governors are in town for the annual National Governors Association meeting. (Photo by Mark Wilson/Getty Images)

Members Of Nat'l Governors Association Meet With Obama

WASHINGTON - FEBRUARY 22: California Governor Arnold Schwarzenegger speaks to reporters after meeting with President Barack Obama at the White House on February 22, 2010 in Washington, DC. The nation's governors are in town for the annual National Governors Association meeting. (Photo by Mark Wilson/Getty Images)

California Governor Arnold Schwarzenegge

California Governor Arnold Schwarzenegger speaks to reporters after members of the National Governors Association met with US President Barack Obama February 22, 2010 at the White House in Washington, DC.AFP PHOTO/Mandel NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)

Houston Rockets v Sacramento Kings

SACRAMENTO, CA - APRIL 12: California Governor Arnold Schwarzenegger sits sideline as the Sacramento Kings take on the Houston Rockets on April 12, 2010 at ARCO Arena in Sacramento, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2010 NBAE (Photo by Rocky Widner/NBAE via Getty Images)

Angela Merkel Meets With Arnold Schwarzenegger In Los Angeles

LOS ANGELES, CA - APRIL 15: California Gov. Arnold Schwarzenegger meets with German Chancellor Angela Merkel on April 14, 2010 in Los Angeles, California. Earlier this week, the chancellor attended the 47-nation Nuclear Security Summit in Washington DC. The Los Angeles stop is part of a five-day visit to the US. (Photo by David McNew/Getty Images)

(L-R) Producer Steven Spielberg, Califor

(L-R) Producer Steven Spielberg, California Governor Arnold Schwarzenegger and Los Angeles Mayor Antonio Villaraigosa laugh at a dedication ceremony for the Universal Studios newly rebuilt New York Street backlot locations, in Los Angeles on May 27, 2010. Universal Studios rebuilt the 13 city blocks of newly created filming locations on four acres at the historic studio lot in the largest construction project in studio history. The previous backlot location burnt down in an accidental fire on June 1, 2008 AFP PHOTO/Mark RALSTON (Photo credit should read MARK RALSTON/AFP/Getty Images)

Wang Chuanfu (L), chairman of Chinese al

Wang Chuanfu (L), chairman of Chinese alternative-energy auto maker BYD, and California Governor Arnold Schwarzenegger (R) attend a press conference April 30, 2010 at City Hall in Los Angeles,CA to announce that the Chinese solar energy and automobile firm will locate its US headquarters in Los Angeles, potentially creating hundreds of new jobs. BYD, which stands for Build Your Dreams, is a manufacturer of batteries, solar panels and electric-hybrid vehicles partly financed by billionaire Warren Buffett. AFP PHOTO/ROBYN BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)

Spike TV's "Guys Choice" - Show

LOS ANGELES, CA - JUNE 05: California State Governor Arnold Schwarzenegger speaks onstage during Spike TV's 4th Annual "Guys Choice Awards" held at Sony Studios on June 5, 2010 in Los Angeles, California. "Guys Choice" premieres June 20, 2010 at 10PM ET/PT on Spike. (Photo by Kevin Winter/Getty Images)

2010 After-School All-Stars Benefit Gala

NEW YORK - JUNE 17: California Governor Arnold Schwarzenegger attends the 2010 After-School All-Stars benefit gala at the Mandarin Oriental Hotel on June 17, 2010 in New York City. (Photo by Andrew H. Walker/Getty Images)

Gov. Schwarzenegger Discusses State Budget With Bay Area Council Members

SANTA CLARA, CA - AUGUST 06: California Governor Arnold Schwarzenegger pauses as he speaks to members of the Bay Area Council August 6, 2010 in Santa Clara, California. Governor Schwarzenegger spoke to business leaders about California's economy as state legislatures continue to battle over California's budget which is now almost six weeks overdue. (Photo by Justin Sullivan/Getty Images)

Governor Schwarzenegger Discusses The State Budget

SAN FRANCISCO - AUGUST 31: California governor Arnold Schwarzenegger talks about the State budget during an appearance at City Summit 2010 August 31, 2010 in San Francisco, California. California lawmakers voted down a proposed budget that was backed by Gov. Schwarznegger and republicans. California is facing a $19 billion defecit and could run out of money by October with the budget being over two months late. (Photo by Justin Sullivan/Getty Images)

Governor Schwarzenegger Discusses The State Budget

SAN FRANCISCO - AUGUST 31: California governor Arnold Schwarzenegger talks about the State budget during an appearance at City Summit 2010 August 31, 2010 in San Francisco, California. California lawmakers voted down a proposed budget that was backed by Gov. Schwarznegger and republicans. California is facing a $19 billion defecit and could run out of money by October with the budget being over two months late. (Photo by Justin Sullivan/Getty Images)

Governor Schwarzenegger Discusses The State Budget

SAN FRANCISCO - AUGUST 31: California governor Arnold Schwarzenegger talks about the State budget during an appearance at City Summit 2010 August 31, 2010 in San Francisco, California. California lawmakers voted down a proposed budget that was backed by Gov. Schwarznegger and republicans. California is facing a $19 billion defecit and could run out of money by October with the budget being over two months late. (Photo by Justin Sullivan/Getty Images)

California Governor Arnold Schwarzenegge

California Governor Arnold Schwarzenegger delivers his speech during his visit to the Zhenhua Port Machinery Company (ZPMC) in Shanghai on September 13, 2010. ZPMC the world leader in port container cranes is also manufacturing the fabricated steel deck and tower for the Self-Anchored Suspension Span of the San Francisco Oakland Bay Bridge. Schwarzenegger is on a six-day trade mission to Asia, vowing to be his state's "salesman in chief" on the trip to China, Japan and South Korea. AFP PHOTO/Philippe Lopez (Photo credit should read PHILIPPE LOPEZ/AFP/Getty Images)

California Governor Arnold Schwarzenegge

California Governor Arnold Schwarzenegger sits in front of a Chinese flag during his visit to the Zhenhua Port Machinery Company (ZPMC), in Shanghai on September 13, 2010. ZPMC, the leader in port container cranes is also manufacturing the fabricated steel deck and tower for the Self-Anchored Suspension Span of the San Francisco-Oakland Bay Bridge. Schwarzenegger is on a six-day trade mission to Asia, vowing to be his state's "salesman in chief" on the trip to China, Japan and South Korea. AFP PHOTO/Philippe Lopez (Photo credit should read PHILIPPE LOPEZ/AFP/Getty Images)

California Governor Arnold Schwarzenegge

California Governor Arnold Schwarzenegger removes his sunglasses before delivering his speech during his visit to the Zhenhua Port Machinery Company (ZPMC) in Shanghai on September 13, 2010. ZPMC, a leader in port container cranes is also manufacturing the fabricated steel deck and tower for the Self-Anchored Suspension Span of the San Francisco-Oakland Bay Bridge. Schwarzenegger is on a six-day trade mission to Asia, vowing to be his state's "salesman in chief" on the trip to China, Japan and South Korea. AFP PHOTO/Philippe Lopez (Photo credit should read PHILIPPE LOPEZ/AFP/Getty Images)

Governor Arnold Schwarzenegger Visits South Korea

SEOUL, SOUTH KOREA - SEPTEMBER 15: Arnold Schwarzenegger, governor of California (R) talks with Kathleen Stephens, U.S. ambassador to South Korea(L) at a breakfast meeting hosted by the American Chamber of Commerce in Seoul on September 15, 2010 in Seoul, South Korea. Governor Schwarzenegger is in Korea as part of a six day visit through Asia to discuss trade in order to help boost California's economy and to create jobs. (Photo by Han Myung-Gu/Getty Images)

Governor Arnold Schwarzenegger Visits South Korea

SEOUL, SOUTH KOREA - SEPTEMBER 15: California Governor Arnold Schwarzenegger meets with U.S. troops and their families for a rally with the troops at the U.S. Army Garrison Yongsan on September 15, 2010 in Seoul, South Korea. Speaking in South Korea on the third and final leg of an Asian trade mission, Schwarzenegger urged the U.S. Congress to ratify stalled free-trade agreements including one with South Korea if it wants to start 'putting people back to work'. Governor Schwarzenegger visited Korea as part of a six-day trip through Asia to discuss trade to help boost California's economy and create jobs. (Photo by Han Myung-Gu/Getty Images)

California governor Arnold Schwarzenegge

California governor Arnold Schwarzenegger looks at Russian President Dmitry Medvedev during their meeting at the Gorki residence outsideMoscow, on October 11, 2010. Schwarzenegger was in Russia today for a visit aimed at lending his state's high-tech expertise to Medvedev's dream to create an innovation-based economy. AFP PHOTO / POOL/ DMITRY KOSTYUKOV (Photo credit should read DMITRY KOSTYUKOV/AFP/Getty Images)

California governor Arnold Schwarzenegge

California governor Arnold Schwarzenegger speaks during his meeting with Russian President Dmitry Medvedev (unseen) in Skolkovo outside Moscow on October 11, 2010. California governor Arnold Schwarzenegger on Monday led a high-powered delegation of tech executives to Russia, praising President Dmitry Medvedev as a visionary for moving to a high-tech future. Schwarzenegger was taken by Medvedev to the site of one of his most ambitious projects, the creation Russian equivalent of Silicon Valley in the "innovation town" of Skolkovo outside Moscow. AFP PHOTO/ ALEXANDER NEMENOV (Photo credit should read ALEXANDER NEMENOV/AFP/Getty Images)

California governor Arnold Schwarzenegge

California governor Arnold Schwarzenegger (background) speaks with Russian President Dmitry Medvedev (foreground) during their visit to Skolkovo outside Moscow on October 11, 2010. Schwarzenegger on Monday led a high-powered delegation of tech executives to Russia, praising President Dmitry Medvedev as a visionary for moving to a high-tech future. AFP PHOTO / POOL / MAXIM SHIPENKOV (Photo credit should read MAXIM SHIPENKOV/AFP/Getty Images)

California Governor Arnold Schwarzenegge

California Governor Arnold Schwarzenegger speaks to the media in Moscow on October 11, 2010. Schwarzenegger hailed Russia's "extraordinary" potential as he brought a high-tech delegation to help transform the country into an innovation-based economy. His delegation of top technology executives will hold talks with President Dmitry Medvedev and visit Skolkovo outside Moscow, the site of a planned Russian equivalent of Silicon Valley. AFP PHOTO / DMITRY KOSTYUKOV (Photo credit should read DMITRY KOSTYUKOV/AFP/Getty Images)

Russian President Dmitry Medvedev (R) li

Russian President Dmitry Medvedev (R) listens to California governor Arnold Schwarzenegger (R) during their meeting in Skolkovo outside Moscow on October 11, 2010. Schwarzenegger on Monday led a high-powered delegation of tech executives to Russia, praising President Dmitry Medvedev as a visionary for moving to a high-tech future. AFP PHOTO/ ALEXANDER NEMENOV (Photo credit should read ALEXANDER NEMENOV/AFP/Getty Images)

California Governor Arnold Schwarzenegger Vists London

LONDON, UNITED KINGDOM - OCTOBER 14: California Governor Arnold Schwarzenegger and Britsh Prime Minister David Cameron (not pictured) meet troops at Wellington Barracks on October 14, 2010 in London, England. Mr Cameron and Mr Schwarzenegger will meet British troops later today at Wellington Barracks in central London. (Photo by David Parker-WPA Pool/Getty Images)

14th Annual Hollywood Awards Gala - Show

BEVERLY HILLS, CA - OCTOBER 25: California governor Arnold Schwarzenegger (L) and actor Bruce Willis speak onstage during the 14th annual Hollywood Awards Gala at The Beverly Hilton Hotel on October 25, 2010 in Beverly Hills, California. (Photo by Alberto E. Rodriguez/Getty Images for Hollywood Awards)

Whitman And Brown Attend Womens Conference 2010

LONG BEACH, CA - OCTOBER 26: Democratic candidate for governor and California attorney general Jerry Brown speaks as California Gov. Arnold Schwarzenegger (L) looks on during a discussion moderated by 'Today' show host Matt Lauer during the Women's Conference 2010 on October 26, 2010 at the Long Beach Convention Center in Long Beach, California. During the discussion, Whitman and Brown were pushed to end their negative ad campaigns. (Photo by Kevork Djansezian/Getty Images)

California Gov. Schwarzenegger Votes In Midterm Election

LOS ANGELES, CA - NOVEMBER 02: California Gov. Arnold Schwarzenegger reacts after voting at Kenter Canyon Elementary School on November 2, 2010 in Los Angeles, California. Former eBay CEO and Republican candidate Meg Whitman is running against California Attorney General and Democratic candidate Jerry Brown for the Governor's seat while U.S. Sen. Barbara Boxer (D-CA) is in a tight race against Republican senatorial candidate and former head of Hewlett-Packard Carly Fiorina. (Photo by Kevork Djansezian/Getty Images)

California Gov. Schwarzenegger Votes In Midterm Election

LOS ANGELES, CA - NOVEMBER 02: California Gov. Arnold Schwarzenegger looks at his 'I Voted' sticker after voting at Kenter Canyon Elementary School November 2, 2010 in Los Angeles, California. Former eBay CEO and Republican candidate Meg Whitman is running against California Attorney General and Democratic candidate Jerry Brown for the Governor's seat while U.S. Sen. Barbara Boxer (D-CA) is in a tight race against Republican senatorial candidate and former head of Hewlett-Packard Carly Fiorina. (Photo by Kevork Djansezian/Getty Images)

Los Angeles Lakers v Sacramento Kings

SACRAMENTO, CA - NOVEMBER 3: Mayor Kevin Johnson talks with Gonvernor Arnold Schwarzenegger as the Sacramento Kings take on the Los Angeles Lakers on November 3, 2010 at ARCO Arena in Sacramento, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2010 NBAE (Photo by Rocky Widner/NBAE via Getty Images)

British Prime Minister David Cameron (R)

British Prime Minister David Cameron (R) reacts as Governor of California Arnold Schwarzenegger (L) makes a joke about having watched the troops training in the gym, during a visit to Wellington Barracks in central London on October 14, 2010. AFP PHOTO/LEON NEAL/POOL (Photo credit should read LEON NEAL/AFP/Getty Images)

Hollywood star Arnold Schwarzenegger rid

Hollywood star Arnold Schwarzenegger rides a London Cycle Hire Scheme bicycle during a photocall with London Mayor Boris Johnson, in London, on March 31, 2011. Schwarzenegger met Johnson Friday to exchange ideas on how to drive forward markets for low and zero emission technologies. AFP PHOTO/Ki Price (Photo credit should read Ki Price/AFP/Getty Images)

US actor and former California governor

US actor and former California governor Arnold Schwarzenegger (L) places his hands in cement in Cannes, southern France, on April 4, 2011, during a ceremony honoring him during the MIPTV, one of the world's largest broadcasting and audiovisual trade shows to be held until April 7, 2011. AFP PHOTO SEBASTIEN NOGIER (Photo credit should read SEBASTIEN NOGIER/AFP/Getty Images)

US actor and former California governor

US actor and former California governor Arnold Schwarzenegger poses with the poster of the TV serie he stars in as a cartoon superhero, "The Governator", in Cannes, southern France, on April 4, 2011, during the MIPTV, one of the world's largest broadcasting and audiovisual trade shows to be held until April 7, 2011. AFP PHOTO SEBASTIEN NOGIER (Photo credit should read SEBASTIEN NOGIER/AFP/Getty Images)

Former California governor Arnold Schwar

Former California governor Arnold Schwarzenegger gives a keynote address at the Navigating the American Carbon World (NACW) 2011 conference, in Los Angeles, California April 14, 2011. Over the last decade, Navigating the American Carbon World (NACW) has earned the distinction of being the most important carbon event in North America. AFP PHOTO / ROBYN BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)

(FILES) This April 14, 2011 file photo s

(FILES) This April 14, 2011 file photo shows Former California governor Arnold Schwarzenegger delivering a keynote address at the Navigating the American Carbon World (NACW) 2011 conference, in Los Angeles, California. Schwarzenegger, who made a seamless transition from Hollywood film stardom to California governor, could have his sights set on a new job as next head of the European Union, US media reported. The Austrian-born former body builder, 63, at loose ends as he tries to figure out what his next act should be, reportedly is being advised by aides to return to his native Europe to run for the EU presidency, Newsweek reported. AFP PHOTO / ROBYN BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)

The 63rd Israel Independence Day Celebration Hosted By the Consulate General Of Israel

LOS ANGELES, CA - MAY 10: Former California Governor Arnold Schwarzenegger accepts an award during the 63rd Israel Independence Day Celebration hosted by the Consulate General Of Israe at Skirball Cultural Center on May 10, 2011 in Los Angeles, California. (Photo by Jason Merritt/Getty Images For The Consulate General of Israel)

The 63rd Israel Independence Day Celebration Hosted By the Consulate General Of Israel

LOS ANGELES, CA - MAY 10: Former California Governor Arnold Schwarzenegger accepts an award during the 63rd Israel Independence Day Celebration hosted by the Consulate General Of Israe at Skirball Cultural Center on May 10, 2011 in Los Angeles, California. (Photo by Jason Merritt/Getty Images For The Consulate General of Israel)