He’ll end up signing a hugely tax-hiking budget (... oh, they’ll call most of it “closing loopholes”) with a few token cuts and some cosmetic budget reforms.
Outraged conservatives may attempt to override the Legislature with a ballot initiative, but I doubt it will succeed.
They also may target Schwarzenegger for recall, but again, I doubt it will succeed.
The one thing we can say for certain.
I don’t call it StinkyMento for nothin’. ;-)