Posted on 07/31/2008 8:12:21 PM PDT by Ernest_at_the_Beach
Governor Arnold Schwarzenegger of California has moved to end a budget crisis by sacking 22,000 state workers and ordering pay cuts for 200,000. The most populous state in the US faces a budget deficit of more than $15bn (£7.6bn), and legislators are struggling to agree a spending plan. The cuts, which will save $100m a month, are designed to put pressure on politicians to end the budget crisis. But a leading official in the state challenged the decision to cut pay.
California has one of the largest economies in the world and it has no way to pay contractors for many of the services it provides. Some 30 American states face budget deficits caused by rising costs and falling revenues in a slumping economy but California's is by far the largest. 'Whatever it takes' Mr Schwarzenegger, the former Hollywood film star turned Republican politician, told reporters he had signed an executive order on the staff and pay cuts. |
(Excerpt) Read more at news.bbc.co.uk ...
Arnold generally keeps a pretty low profile. I don't think it's a lust for power.
“The voters have chosen NOT to have ADULT supervision....now comes the attack on Prop 13....”
The liberals and the MSM have never stopped attacking Prop 13.
However, this time we have a lot more younger home owners who used to despise Prop 13. Now most of those younger home owners will rally around to protect Prop 13.
He is elected like the governor. So the terminator can’t terminate him. However he could be recalled by the voters like Gray Davis was.
“The State Controller is the Chief Financial Officer of the State of California in the United States. The post has broader responsibilities and authority than the California State Treasurer. Responsibilities include investigative authority for every dollar spent by the state, and being an ex-officio/member on the state’s Board of Equalization.
The State Controller is elected to a four-year term but is limited to two terms. The current state controller is John Chiang.”
Thanks for posting this reality.
Road repair/replace Taxes on gas do go down when we drive less. Those are fixed taxes based on per gallon useage/purchases.
The sales tax is based on the price of the gasoline not on the gallons.
So, when we have the Pelosi/Reid gasoline price increases, the California sales tax for the state and local government rake in the extra $’s each day.
“With a 6% Sales Tax + a 1.25% County Tax (or a cumulative 7.25% tax that stays within the state) on gasoline sales - California is raking in the dough with this $2/gallon spike that’s occurred since the Dems took control of Congress. In 2007 California consumed 15.7 billion gallons of gasoline, so we’re talking an added ~ $2 billion boon (7.25% x $2/gallon x 15.7 billion gallons) to Sacramento’s budget - that the Dems probably didn’t anticipate.”
However, don’t for a single second think the rats in Sacramento didn’t anticipate this incredible windfall.
Cities with less gas stations like Gay Frisco, and Oakland are probably losing money as less people drive into these left wing cities for over priced food and other goods.
Grampa Dave is exactly RIGHT!!!
For his next step, he should stop sending the cities their grants and subsidies checks
The nuclear option for Arnold would be to not grant any authority to borrow money to cover any checks the Controller may issue. So he issues checks without funds to cover them, the checks bounce, and Arnold has him arrested for writing bad checks and put in jail.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.