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Schwarzenegger to declare fiscal emergency
AP via SFGate ^ | 12/1/8 | JULIET WILLIAMS, Associated Press Writer

Posted on 12/01/2008 12:50:43 PM PST by SmithL

Sacramento, CA (AP) -- Gov. Arnold Schwarzenegger was expected to declare a fiscal emergency on Monday and call lawmakers into a special session to address California's $11.2 billion budget deficit.

California's revenue gap is expected to hit $28 billion over the next 19 months unless the governor and lawmakers take bold steps. Schwarzenegger and Democrats have proposed a combination of tax hikes and spending cuts, but Republican lawmakers have remained steadfast in their refusal to raise taxes.

Unless budget corrections are made quickly, the state is likely to run out of cash in February.

Lawmakers failed to reach a compromise during the special session Schwarzenegger declared last month, pushing the problem to a new Legislature that was being sworn in Monday.

(Excerpt) Read more at sfgate.com ...


TOPICS: Extended News; Government; Politics/Elections; US: California
KEYWORDS: budget; calbudget; fiscalemergency; goldenstate; schwarzenegger; yourtaxdollarsatwork
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. . . unless the governor and lawmakers take bold steps

like living within our means????

1 posted on 12/01/2008 12:50:43 PM PST by SmithL
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To: SmithL

What a waste of a recall....


2 posted on 12/01/2008 12:51:49 PM PST by Incorrigible (If I lead, follow me; If I pause, push me; If I retreat, kill me.)
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To: SmithL
But the Chosen One and his advisors have been insinuating that deficits don't really matter.

OBAMA, THE STOCK MARKET, AND ENERGY

3 posted on 12/01/2008 12:51:52 PM PST by Jeff Head (Freedom is not free...never has been, never will be. (www.dragonsfuryseries.com))
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To: SmithL

Hold on to your shorts.


4 posted on 12/01/2008 12:51:54 PM PST by Jim Robinson (We ARE the dissent, baby!)
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To: Jim Robinson

If you mean...shorts as in stock positions...I totally agree.


5 posted on 12/01/2008 12:53:21 PM PST by Osage Orange (Molon Labe)
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To: SmithL

LOL! They would never do that. My guess is CA spends $20 billion a year just on benefits for illegals.


6 posted on 12/01/2008 12:54:04 PM PST by Frantzie
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To: SmithL

Like NOT GIVING RAISES TO SEVERAL THOUSAND STATE EMPLOYEES...?


7 posted on 12/01/2008 12:56:29 PM PST by Eric in the Ozarks
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To: SmithL

Got RINO ?


8 posted on 12/01/2008 12:58:28 PM PST by fieldmarshaldj (~"This is what happens when you find a stranger in the Alps !"~~)
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To: SmithL
And in a related story from last August...(And just appeared in "News of the Weird")

Facing a state budget crisis in July, California Gov. Arnold Schwarzenegger fired about 10,000 temporary and part-time workers and ordered the 200,000 permanent employees to be paid only the minimum wage of $6.55 an hour until the legislature passed a crisis-solving budget. However, a week later the State Controller John Chiang pointed out that state payroll records could not be changed to accommodate the cut because they were written in the antiquated COBOL computer language, and virtually the only state employees who knew the code were some of the part-timers Schwarzenegger had just fired.
[Source, Sacramento Bee, 8-5-08]

Only in California!

9 posted on 12/01/2008 12:58:32 PM PST by cuz_it_aint_their_money (I'll show their president the exact same respect and loyalty that they have shown my president.)
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To: SmithL
California's government should be shut down. What happens to the Democrats' constituents won't fall out on Republicans who are never going to get their votes anyway.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

10 posted on 12/01/2008 1:00:21 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: SmithL

ILLEGAL IMMIGRATION Costs California $10.5 Billion Annually.

http://usgovinfo.about.com/od/immigrationnaturalizatio/a/caillegals.htm


11 posted on 12/01/2008 1:01:03 PM PST by Deo volente (On January 20, 2009 America moves to DEFCON 2.)
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To: cuz_it_aint_their_money

Pull the plug on the damned computer. That’ll fix the problem. Government workers. Sheesh!


12 posted on 12/01/2008 1:01:57 PM PST by Jim Robinson (We ARE the dissent, baby!)
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To: SmithL

Suck it up, Arnie. If CA hadn’t rolled out the red carpet for every illegal border-jumper that slithered in, you wouldn’t be in such a mess.


13 posted on 12/01/2008 1:04:04 PM PST by Kieri (The Conservatrarian)
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To: Incorrigible

Schwarzenegger won by promising to cut budgets and restore fiscal responsibility. When he got into office, the liberal legislature wouldn’t go along. Neither would the voters. They rejected his ballot initiatives and they kept re-electing socialists.


14 posted on 12/01/2008 1:04:40 PM PST by bobjam
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To: cuz_it_aint_their_money

Actually, I know COBOL (or I did in the seventies...lol).


15 posted on 12/01/2008 1:04:41 PM PST by patton (Help - My antivirus software keeps trying to delete Vista as malicious code!)
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To: Osage Orange

The DOG and SH ETFs made out HUGE today.

Lucky me!!!!!


16 posted on 12/01/2008 1:06:35 PM PST by misterrob (Smooth talkers win at singles bars and in politics .. often with similar outcomes for the listener)
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To: cuz_it_aint_their_money
How much do you wanna bet their IT budget has increased at double digit rates for decades.

they were written in the antiquated COBOL computer language,

17 posted on 12/01/2008 1:07:46 PM PST by DManA
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To: goldstategop

“Sacramento, CA (AP) — Gov. Arnold Schwarzenegger was expected to declare a fiscal emergency on Monday and call lawmakers into a special session to address California’s $11.2 billion budget deficit. “

Here are some suggestions.

Place a tax on the entertainment industry. Tell them it’s for the children. In addition, cut all actors salaries so that they are in line with the production crews salaries. Actors shouldn’t be paid like CEO’s. Use the difference to lower the deficit.

Send every criminal in prison who is an illegal back to their home country. Send the families also. Use that money to lower the deficit.

Repeal all smoking,pollution and gasoline additive bans. In case no one noticed, even with these bans in place, California isn’t getting any cleaner. Use that money to lower the deficit.

That’s a good start.


18 posted on 12/01/2008 1:10:33 PM PST by EQAndyBuzz ("Control the information, you control the people.")
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To: Jim Robinson

Is that like BOHICA?

I’m still waiting for “Blowing up boxes in Sacramento”.


19 posted on 12/01/2008 1:13:53 PM PST by SmithL (Drill Dammit!)
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To: SmithL

Try cutting spending ya stupid.
And stupid is the nicest thing I can say about this mental midget.


20 posted on 12/01/2008 1:15:29 PM PST by Joe Boucher (An enemy of Islam)
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