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California governor declares state of fiscal emergency
Reuters on Yahoo ^ | 7/28/10

Posted on 07/28/2010 1:30:04 PM PDT by NormsRevenge

SAN FRANCISCO (Reuters) – Increasing pressure on lawmakers to negotiate a state budget that closes a $19 billion shortfall, California Governor Arnold Schwarzenegger declared a state of emergency over the state's finances on Wednesday.

In the declaration, Schwarzenegger ordered three furlough days per month beginning in August for thousands of state employees to preserve the state's cash to pay the state's debt obligations and for essential services.

California's budget is several weeks overdue and Schwarzenegger and top lawmakers are at impasse over how to balance the state's books.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Politics/Elections; US: California
KEYWORDS: calbudget; california; declares; democrats; economy; emergency; fiscal; fiscalemergency; kabuki; liberalprogressivism; progressives; schwarzenegger
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To: NormsRevenge

Arnold is never going to realize that he is not living a MADE FOR TV MOVIE..


41 posted on 07/29/2010 5:29:14 PM PDT by Fred (Suspend All Immigration Until Unemployment is Reduced to 5%)
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To: OB1kNOb

Have you seen the CA employees in SAC like DMV, Emp,,Labor...It is like a walrus fest...they would all die of heart attacks..


42 posted on 07/29/2010 5:32:38 PM PDT by Fred (Suspend All Immigration Until Unemployment is Reduced to 5%)
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To: NormsRevenge

http://www.youtube.com/watch?v=EUjtQm2Ty8U&feature=related


43 posted on 07/29/2010 7:03:34 PM PDT by CommieCutter (A Centrist Democrat is now defined as: between Socialism and Communism.)
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To: wac3rd

LOL! So true!


44 posted on 07/29/2010 8:13:00 PM PDT by I Hate Obama ("Sorry I had a fight in the middle of your Black Panther Party." -Forest Gump)
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