"California's budget as it stood projected a deficit of over fifteen billion dollars, requiring program cuts and/or additional taxes, as the California budget requires a 2/3s "supermajority" for passage, the Republican minority could stick to their pledge of no additional taxes without consideration of compromise with Democrats who have pledged to not balance the budget solely by reducing services to children, impoverished citizens, or the elderly."
"Bring a toothbrush, bring any necessities you want to bring, because I will not allow anyone to go home to resume their lives ... as long as we know ... that 20,000 people will be laid off,"
'll Owe You One July 2, 2009 After a February tax hike and major budget cuts fail to slash its swelling debt, California issues its first round of IOUs. The figure is expected to reach $3 billion by the end of July"
No comments:
Post a Comment