When questioned about the $24 billion that Governor Gavin Newsom allegedly “lost” in funds meant to address homelessness, Schwarzenegger didn’t hold back. He stated, “$24 billion is missing because it’s wasted. They cannot even show it. They cannot even have any accountability.” According to Schwarzenegger, this isn’t a new issue—he insists that the lack of financial oversight has been ongoing for two decades.

The former governor emphasized that this missing money isn’t just a one-time mistake, but rather a systemic problem that’s been entrenched in the state government. He added, “No accountability equals stolen.” Schwarzenegger’s words suggest that the state’s failure to properly track or manage these funds indicates deeper issues of corruption and mismanagement within the political establishment.

Schwarzenegger didn’t stop there. He also criticized California Democrats for their role in driving up the state’s cost of living, particularly in housing. He pointed to the rapidly increasing rent prices as a clear example of the consequences of their policies, saying they created the very conditions that have caused the housing crisis.

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According to Schwarzenegger, what used to be an affordable apartment—costing around $600 a month—now comes with a hefty $3,000 price tag. This drastic increase, he argues, is the result of government mismanagement, failed policies, and a lack of effective regulation in the housing market.

The former governor also noted that the state’s housing policies have only made matters worse, creating an environment where developers and property owners can charge exorbitant rents without facing meaningful checks from local or state authorities. He insists that California’s political leadership has allowed the cost of living to spiral out of control, leaving millions of residents struggling to make ends meet.

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Schwarzenegger’s comments reflect broader frustrations with the state’s Democratic leadership and their handling of key issues like homelessness and housing affordability. His criticisms are not just limited to the current administration under Newsom but are aimed at a decades-long pattern of neglect and financial mismanagement that he believes has harmed the people of California.