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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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To: Max in Utah
Despite downturn, Calif. adopts tough climate plan
The phrase "throwing gasoline on a fire" comes to mind.....
21
posted on
12/11/2008 5:20:23 PM PST
by
Kozak
(USA 7/4/1776 to 1/20/2009 Requiescat In Pace)
Remember when?
22
posted on
12/11/2008 5:33:37 PM PST
by
NormsRevenge
(Semper Fi ... Godspeed)
To: NormsRevenge
This is what happens when you send in a RINO to do a man’s job.
23
posted on
12/11/2008 5:50:46 PM PST
by
E. Cartman
(If Citigroup is too big to let fail, then break it up.)
To: NormsRevenge
i suppose shipping all the mexkins home in cattle cars is out of the question...
24
posted on
12/11/2008 6:40:43 PM PST
by
Chode
(American Hedonist -)
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