Arambula on budget gap


question: 
California faces an $8 billion budget shortfall for 2008-09. Democrats are calling for new taxes. Republicans want spending cuts. How would you close the gap?
answer: 

I believe we need a comprehensive and balanced approach in dealing with the state budget. It should be a combination of reductions in expenditures and increase of some revenues. I also believe that everyone from both sides of the aisle must be willing to compromise to get out of this fiscal emergency.