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| Economy |
| Schwarzenegger declares fiscal emergency |
| 2009-07-02 |
| [Iran Press TV Latest] California Governor Arnold Schwarzenegger declares a fiscal emergency as lawmakers failed to pass a budget to close the state's $ 24.3 billion gap. The emergency means that the state may start issuing IOU's instead of checks as soon as Wednesday. Schwarzenegger also ordered state workers to take a third unpaid day of leave every month, to help save the largest state in the US some 1 billion dollars annually. Schwarzenegger declared the emergency after lawmakers failed to agree on a balanced budget prior to the start of the fiscal year which began on Wednesday morning. The Democratic majority did pass a bill, but Schwarzenegger vetoed it because it contained tax increases and not the roster of cuts and political reform that the former action movie star had advocated. Schwarzenegger vowed to veto every bill until a budget is passed. In Washington, White House Spokesman Robert Gibbs said the administration was eyeing California's crisis but had no plans to intervene. He touted the 144 billion dollars that went to struggling states as part of broader economic stimulus package approved in February. "There are a number of states that find themselves at the end of the fiscal year and required to pass budgets. We're certainly watching," Gibbs said in Washington. |
| Posted by:Fred |
| #14 Ya know Ahnauld, your movie Commando* had a very satisfactory solution for a spendthrift legislature. * I think Commando had the highest BPM (Bodycount Per Minute) of any movie. |
| Posted by: ed 2009-07-02 22:16 |
| #13 as would the bridges I work on /full of |
| Posted by: Frank G 2009-07-02 19:30 |
| #12 They're ignoring massive earthworks, like dams (Solid concrete, acts like solid rock) Interstate and other major highways where they cut through small hills, and railroad cuts. Those would remain. |
| Posted by: Redneck Jim 2009-07-02 19:18 |
| #11 Sounds like an "envirionmentalist's" wet dream, B. |
| Posted by: Barbara Skolaut 2009-07-02 17:41 |
| #10 California after Man.... you wouldn't know we'd been there. Man's environmental footprint would, according to a report in New Scientist, begin to deteriorate almost immediately, with light pollution the first to go as power stations ceased to provide energy. By tomorrow, street lights and house lights left on by their former occupants would start to go out. Streets and cultivated fields would be the next to go. Within 20 years, village streets and rural roads would have vanished under a thick matting of weeds; fields would be overgrown within months. Urban streets would take a little longer, but even in huge man-made sprawls such as London and Sydney, plants would have taken over within about 50 years. Buildings would decay rapidly. Wooden structures would collapse first, assaulted by bugs and grubs. All such homes would be gone in a century. Glass and steel tower blocks that create city skylines would mostly fall down within 200 years. Brick, stone and concrete structures would last longer. With exceptions - the pyramids are already 3000 years old - by the next millennium there would be little more left than ruins. Link. |
| Posted by: Besoeker 2009-07-02 17:23 |
| #9 Doesn't the government pay for the courts? if so try cutting judges pay, and the screaming will reach deafening levels, issue them IOU"s instead of pay. |
| Posted by: Redneck Jim 2009-07-02 17:13 |
| #8 Beware the Fed Repo Man: Gov. Arnold Schwarzenegger has proposed closing 220 state parks. But the National Park Service warned in a letter to Schwarzenegger that six of those parks are on former federal land that could revert to the U.S. government if they are not kept open as parks. |
| Posted by: Anguper Hupomosing9418 2009-07-02 12:02 |
| #7 No $hit Arnold. The genie has been out of the bottle for some time. After decades of liberal policies, run away government, rampant government spending, the fleeing of businesses, providing government welfare and services to everyone legal and illegal,in California, you are surprised? I don't know what will fix California or if it can be fixed. |
| Posted by: JohnQC 2009-07-02 10:19 |
| #6 #5: Maybe just maybe there's some link between increasing government spending, increased taxes, and falling investment? Just one minor add-on highlighted. |
| Posted by: Besoeker 2009-07-02 09:50 |
| #5 Maybe just maybe there's some link between increasing government spending and falling investment? /sarcasm. |
| Posted by: Bright "laffer" Pebbles 2009-07-02 08:48 |
| #4 How about this, instead of taxing more SPEND LESS! That is like anti-matter to the liberal line of thought. Any contact with it will cause them to be destroyed. |
| Posted by: DarthVader 2009-07-02 07:41 |
| #3 How about this, instead of taxing more SPEND LESS! |
| Posted by: OldSpook 2009-07-02 03:09 |
| #2 So, judge says no, lay them off. Fix it before you leave. Thats all you were hired to do. You are the terminator. so terminate. |
| Posted by: newc 2009-07-02 00:33 |
| #1 ION LITTLE GREEN FOOTBALS > GLEN BECK AND MICHAEL SHEUER [former CIA Agent]> GLEN BECK Prog > [Sheuer]OSAMA MAY HAVE TO ATTACK AND DETONATE A NUCLEAR BOMB IN THE USA TO SAVE IT FROM ILLEGAL IMMIGRATION. |
| Posted by: JosephMendiola 2009-07-02 00:28 |