Gov. Arnold Schwarzenegger announced Tuesday that he will veto a universal health care bill that is headed for his desk, claiming the measure would set up a "vast new bureaucracy" that would be too expensive. The Republican governor said the single-payer system proposed by Sen. Sheila Kuehl would "cost the state billions and lead to significant new taxes on individuals and businesses, without solving the critical issue of affordability. "I won't jeopardize the economy of our state for such a purpose," the governor said in a statement.