To: TheDon
According to estimates updated this week, the state will have a deficit of nearly $27 billion by June 2005 — created by an existing deficit of $12.6 billion run up over the past three years and a projected shortfall of $14 billion by the June 30, 2005. Schwarzenegger and the Legislature have put a $15 billion bond issue on the March that would pay off the existing deficit, but the $14 billion projected deficit for next year remains.
What a mess! It's amazing the Demrats will even show themselves in public.
4 posted on
01/09/2004 1:13:27 PM PST by
TheDon
(Have a Happy New Year!)
To: TheDon
They have no shame at all. They spent us into this mess & now they say Arnold is punishing the poor & disabled. PULEEZE!
I think there should be some committe eliminations along with several hundred "consultant jobs" eliminated. That would be another billion or two.
6 posted on
01/09/2004 1:17:57 PM PST by
Feiny
(It's not about having what you want...but wanting what you have.)
To: TheDon
I haven't seen much contrition from all the Freepers who "just knew" Arnold was going to raise taxes.
8 posted on
01/09/2004 1:21:15 PM PST by
LS
(CNN is the Amtrack of news.)
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