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California deficit to hit $41.8B in next 18 months
San Diego Union-Tribune ^
| 12/11/08
| Judy Lin - ap
Posted on 12/11/2008 4:08:53 PM PST by NormsRevenge
SACRAMENTO — California's budget deficit will hit $41.8 billion over the next 18 months, potentially forcing the state to issue IOUs for everything from its electricity bills to food providers if lawmakers don't solve the problem soon, Gov. Arnold Schwarzenegger's administration said Thursday.
The shortfall is far worse than already abysmal estimates. A previous projection by the Legislature's nonpartisan analyst had pegged the gap at $28 billion through June 2010.
(Excerpt) Read more at 3.signonsandiego.com ...
TOPICS: Business/Economy; Culture/Society; Politics/Elections; US: California
KEYWORDS: calbudget; caldeficit; california; deficit; schwarzenegger
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That would beat Gray’s $38 billion deficit during the enron era
wow
2
posted on
12/11/2008 4:10:09 PM PST
by
NormsRevenge
(Semper Fi ... Godspeed)
To: NormsRevenge
get rid of the unions in state government.
cut government 10%, with most of the cuts in management.
3
posted on
12/11/2008 4:12:20 PM PST
by
ken21
(people die and you never hear from them again.)
To: NormsRevenge
Thanks to Liberals our country is in the toilet bowl and headed for destruction. Please be sure to give credit to a Liberal every time you see one.
To: NormsRevenge
Reality is a bitch when you’re living 24/7 in make-believe land.
To: NormsRevenge
Could it be time to start cutting spending???
DUH!
6
posted on
12/11/2008 4:15:18 PM PST
by
DB
To: NormsRevenge
Don’t worry Norm.
More taxes will solve everything....
7
posted on
12/11/2008 4:20:39 PM PST
by
bill1952
(McCain and the GOP were worthless)
To: ken21
get rid of the unions in state government.The armies of socialism only march in one direction.
8
posted on
12/11/2008 4:22:18 PM PST
by
Jim Noble
(I have read a fiery gospel, writ in burnished rows of steel)
To: DB
It can’t be the spending. I’m sure they think it’s just a matter of increasing taxes and creating their green socialist economy.
9
posted on
12/11/2008 4:22:32 PM PST
by
Anti-MSM
(Personal responsibility...what a concept!)
To: NormsRevenge
Excuse me....how does a state NOT have a BALANCED BUDGET??? They can’t PRINT money. IMPEACHMENT!!
10
posted on
12/11/2008 4:27:11 PM PST
by
Ann Archy
(Abortion.....The Human Sacrifice to the god of Convenience)
To: NormsRevenge
What's the big deal!
It's just $1,100 for every man, women and child in California.
Just pass a tax of $20.00 per person per week tax until it's paid off.
< / sarcasm >
11
posted on
12/11/2008 4:34:27 PM PST
by
Popman
(Dont worry Barney Frank has your ass-ets covered!!!)
To: DB
Time to lease oil drilling rights off our Coast.
We are sitting on a potential gold mine complaining about being broke.
12
posted on
12/11/2008 4:34:39 PM PST
by
Marie2
(Everything the left does has the effect and intent of destroying the traditional family.)
To: Anti-MSM
How much would CA save if the stopped paying for all the social programs for illegals? I just solved CA’s financial crisis. Now on to the auto industry.........
13
posted on
12/11/2008 4:34:52 PM PST
by
MPJackal
("From my cold dead hands.")
To: NormsRevenge
Liberals,socialists, homosexuals,anarchists and freaks of all sorts run California.
That they have run it into the ground is shocking for what reason?
14
posted on
12/11/2008 4:39:15 PM PST
by
SECURE AMERICA
(Coming to You From the Front Lines of Occupied America)
To: Anti-MSM
you’re right that it’s not just the spending. You don’t get the revenues with an anti-business tax and reg policy
15
posted on
12/11/2008 4:45:03 PM PST
by
ari-freedom
(Conservatives solve problems. Libertarians ignore problems. Liberals create problems.)
To: NormsRevenge
I see it's time again to cut back on police, fire protection, garbage collection, pothole filling, and release some more felons so the state can raise taxes more when people howl...
16
posted on
12/11/2008 4:49:19 PM PST
by
Gritty
(Don't let a crisis to go to waste. It's opportunity to do things you couldn't do before-Rahm Emanuel)
To: NormsRevenge
Illegal aliens. Plain and simple.
17
posted on
12/11/2008 4:59:37 PM PST
by
Hi Heels
(Now here at the Rock we have two rules. Rule #1 obey all rules. Rule #2 no writing on the walls...)
To: NormsRevenge
We could dismiss upwards of half of our school chilrens who won’t perform no matter how much money we spend on them anyway. This would solve our problems pretty quickly.
18
posted on
12/11/2008 5:00:12 PM PST
by
umgud
(I'm really happy I wasn't aborted)
To: NormsRevenge
They should start by admitting that their Enviro policies are killing the state budget.
Then start cutting administration instead of pointing at Fireman and Police.
Yes there's more, but it's a good start.
19
posted on
12/11/2008 5:08:26 PM PST
by
MaxMax
(I'll welcome death when God calls me. Until then, the fight is on)
To: Marie2
20
posted on
12/11/2008 5:15:58 PM PST
by
Max in Utah
(A nation can survive its fools, and even the ambitious. But it cannot survive treason from within.)
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