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Schwarzenegger declares Calif. fiscal emergency (state at precipice of the abyss .. que the music)
AP on Yahoo ^ | 7/1/09 | AP

Posted on 07/01/2009 1:23:02 PM PDT by NormsRevenge

SACRAMENTO – Gov. Arnold Schwarzenegger has declared a fiscal emergency to address California's deficit and has ordered state offices closed three days a month to save cash.

The Legislature will have 45 days to send him a plan to balance the state's budget, which ended the fiscal year with a $24.3 billion deficit. The shortfall is expected to grow by $7 billion because the Legislature did not enact several stopgap measures Tuesday.

If lawmakers fail to act within the 45 days, they cannot adjourn or act on other bills until they solve the crisis.

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


TOPICS: Business/Economy; Politics/Elections; US: California
KEYWORDS: california; declares; fiscalemergency; schwarzenegger
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1 posted on 07/01/2009 1:23:03 PM PDT by NormsRevenge
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To: NormsRevenge

yawnnnnnn.


2 posted on 07/01/2009 1:24:06 PM PDT by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: NormsRevenge

“Schwarzenegger declares Calif. fiscal emergency”

Took him long enough. Wonder what his first hint was? No sweat, Schwarzenidiot...just add some more illegal aliens to Medicaid. That’ll make you a hero and solve your problems.


3 posted on 07/01/2009 1:25:36 PM PDT by WKUHilltopper
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To: NormsRevenge

My advice Arnie. Fire everyone, including yourself and start over from scratch


4 posted on 07/01/2009 1:25:49 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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Poll: Most blame Democrats for California budget stalemate

http://www.bizjournals.com/sanjose/stories/2009/06/29/daily47.html?ana=from_rss

Dem’Rats are smack dab at the top of the poll, followed by voters, Republicans and then the GUb.


5 posted on 07/01/2009 1:25:49 PM PDT by NormsRevenge (Semper Fi ... Godspeed.)
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To: NormsRevenge
"I'll be broke"


6 posted on 07/01/2009 1:26:24 PM PDT by Costumed Vigilante (Congress: When a handful of evil morons just isn't enough)
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Feds could seize Calif. parks if closed by budget (threaten to seize 6 state parks if closed)
http://www.freerepublic.com/focus/f-news/2283495/posts


7 posted on 07/01/2009 1:26:28 PM PDT by NormsRevenge (Semper Fi ... Godspeed.)
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To: NormsRevenge

Gov. Arnold Schwarzenegger has declared a fiscal emergency...

LOL!
Horse.
Barn door.
Ass.


8 posted on 07/01/2009 1:27:22 PM PDT by bill1952 (Power is an illusion created between those with power - and those without)
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To: NormsRevenge

State office close three days a month!? Oh, the humanity!


9 posted on 07/01/2009 1:27:49 PM PDT by LikeLight (http://www.believersguidetolegalissues.com)
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To: NormsRevenge
que the music


10 posted on 07/01/2009 1:27:53 PM PDT by Disambiguator
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To: NormsRevenge

If good people weren’t getting hurt by this it would be hilarious. Liberals actually having to face responsible spending. I think their little heads are going to explode.


11 posted on 07/01/2009 1:32:05 PM PDT by BJClinton (One Big Ass Mistake America)
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To: NormsRevenge

Two words: Cut spending.


12 posted on 07/01/2009 1:33:55 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: NormsRevenge
The shortfall is expected to grow by $7 billion because the Legislature did not enact several stopgap measures Tuesday.

A few billion here, a few billion there...ayyy..no big deal right? It's Kaleeforneeaa where leeches and termites rule from precipice of fantasy!

13 posted on 07/01/2009 1:36:13 PM PDT by tflabo (Truth or Tyranny)
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To: WKUHilltopper

If I understand the law correctly this is a procedural matter that cannot be undertaken until the statutory deadline (June 30) has passed. This is the first day the declaration was available.


14 posted on 07/01/2009 1:36:33 PM PDT by BlueNgold (... Feed the tree!)
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To: Disambiguator

Is that Manuel from Fawlty Towers?


15 posted on 07/01/2009 1:37:24 PM PDT by SamiGirl
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To: tflabo

Umm .. are you aware of where FR originated?

... sick and tired of people thinking its OK, or even correct for that matter, to bash all Californians because of the pinheads that LA and SF send to the legislature...


16 posted on 07/01/2009 1:39:12 PM PDT by BlueNgold (... Feed the tree!)
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To: NormsRevenge

Who’ll take odds on how long it is before Obama and the Congress pass a RESCUE/BAILOUT bill for Kalifornia? We oughtta start a Freeper pool... But that might be construed as illegal ;-)


17 posted on 07/01/2009 1:40:33 PM PDT by patriot preacher (To be a good American Citizen and a Christian IS NOT a contradiction. (www.mygration.blogspot.com))
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To: Disambiguator

Basil Fawlty: Ah, Manuel? There is too much butter on those trays.
Manuel: Que?
Basil Fawlty: [speaking slowly] There is too much butter on those trays.
Manuel: Ah, no senor. No “on those trays”...
[counting the trays]
Manuel: “uno, dos, tres”.


18 posted on 07/01/2009 1:41:47 PM PDT by IYAS9YAS
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To: NormsRevenge

Let California go under, I have no sympathy since the people of that state voted the morons into their respective offices.

Even though this will have a major impact on the rest of the country we need to stay out of it and let the hurt radiated outward.

You must hit rock bottom before you can figure out how to help yourself and if the rest of the country feels the pain they may get off their duffs and reinstate our Constitution.


19 posted on 07/01/2009 1:43:38 PM PDT by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
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To: SamiGirl
Is that Manuel from Fawlty Towers?

Si.

20 posted on 07/01/2009 1:44:24 PM PDT by Disambiguator
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