Cut your staff in half. Layoff 5% of all employees -- for starters. Roll back salaries of all state employees to 2005 levels. Modify the pension plans, prospectively, to provide a maximum 50% of salary on retirement and no benefits before age 65. Terminate all activities associated with "cap and trade" and regulation of greenhouse gases. Etc. etc. etc. I think he's been given a list at least 1000 times.
Sorry, Arnie... not buyin' in to the "Armageddon" thing. You tried that before, remember?
No. Using across-the-board cuts you’ll never get there — firing 5% of the workforce only saves $1.5 billion per year. You MUST eliminate, in their entirety, some programs. Examples:
1) Zero funding to illegals for health care, welfare, food, etc. That saves about $15-20B per year.
2) Cut useless feel-good environmental programs — the state employees, the $$ to contractors, sell the state buildings. Saves billions per year.
3) Allow drilling for oil offshore in California. The revenue from the sales will be many tens of billions per year. Sell bonds immediately based on future income to cover the current deficit.
4) Overrule environmental laws and allow construction of oil refineries, water desalination, highways, and other plants. Property tax revenue and economic boost improves budget by billions.
THAT’s how you balance the budget in California.
No benefits to illegals except emergency care to get tham across the border safely. Save 10-14 bill a year.