Gov. Arnold Schwarzenegger declared a fiscal emergency Monday and called lawmakers into a special session to address California’s $11.2 billion deficit.
The state’s revenue gap is expected to hit $28 billion over the next 19 months without bold action. The emergency declaration authorizes the governor and lawmakers to change the existing budget within the next 45 days.
Without quick action, the state is likely to run out of cash in February.
Wa wilowah hewoe evah do? Wilthuh fed bay lowtta whols tate? Hool bayl ow duhfed?
Tune in tomorrow… for the next excitin’ eye gogglin’ adventure of Loot n’ Legi-slay-shun
I just returned from Wisconsin where they are reporting a 5 billion dollar deficit. Aren’t Ca and Wi both blue states? Surely a coincidence.
The root of the problem in Calif. is the absurd requirement that all budgets must pass by a 2/3 plus one majority of BOTH houses. Only Rhode Island is equally stupid! A budget should be a run-of-the-mill annual event, not the opportunity for a 33% minority to play politics while the poor, sick and elderly suffer! Nothing will change as long as this crazy requirement remains in place.
Oh, Little Cabbage, if you only knew. That “absurd 2/3 plus one majority of BOTH houses” has saved us many times from budgets even more absurd that would have bankrupted this state earlier. Surely the only legislative body more generous than that of the United States Congress is the one we are saddled with in California.
The nation’s most populous state may need some payday loans. Gov. Arnold Schwarzenegger declared the state as having a fiscal emergency a month ago, but it appears people just aren’t willing to work with the Governor, or at all, if they don’t get exactly what they want. He has announced that if state employees are unwilling to take two days unpaid leave a month, he will start layoffs, California-style, of government employees. Payday loans alone won’t fix the state’s woes, and workers want either full employment or none. They won’t be able to get payday loans if they don’t work with him.