74 3 2009-11-13T09:07:43-08:00 Gov. Arnold Schwarzenegger on Thursday defended $11.1 billion in new borrowing as a critical investment in the state's water future while at the same time insisting California must cut its way toward a balanced budget in the short term. false 8009 Schwarzenegger defends $11.1 billion in borrowing http://www.sacbee.com/topstories/story/2322302.html?mi_rss=Top%20Stories schwarzenegger-defends-111-billion-in-borrowing 2010-03-02T23:06:03-08:00