Rich Pedroncelli / Associated Press
State Senator Abel Maldonado, R-Santa Maria, gives a thumbs-up as he votes in favor of one of the measures of a package of emergency spending cuts.
Posted on 02/16/2008 12:17:34 PM PST by Ernest_at_the_Beach
Rich Pedroncelli / Associated Press
State Senator Abel Maldonado, R-Santa Maria, gives a thumbs-up as he votes in favor of one of the measures of a package of emergency spending cuts.
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SACRAMENTO -- The Legislature passed a package of emergency budget measures Friday, which lawmakers touted as swift, responsible bipartisan action that averts a cash crisis and erases nearly half the state's $14.5-billion deficit.
But their move would not actually reduce spending on that scale; rather, it would push most of the red ink forward with accounting maneuvers and borrowing.
The lawmakers' measures would put taxpayers on the hook for more debt and would, at best, allow the state to hobble through the next few months, said budget experts outside the Capitol. What are the legislators waiting for? some asked. With the state in its worst financial shape in years, the emergency actions amount to little more than nibbling around the margins.
"Yet again, they are dodging and weaving and hoping . . . they don't have to make any tough decisions," said Christopher Thornberg, a partner at Beacon Economics, a consulting and research firm in Los Angeles. "It is kind of pathetic. At what point is someone going to say, 'We have a problem and we have to deal with it'?"
Some of what lawmakers did would help close the state's budget gap. But the savings would amount to only $2 billion over the next year and a half.
(Excerpt) Read more at latimes.com ...
Front page in this morning ‘s paper.
They cut a whopping $1B from a $15B deficit after growing the government by 50%. Fabian Socialism at it's finest. Way to go Arnold!
PS: Don't blame me, I voted for Tom McClintock.
geesh .. more ‘Special Effects’ FRom the incumbents in the Stinkymento State Asylum ..
Borrow or Bust!!
W.A.S.S.
The Schwarzenegger Budget Method: "I'll gladly pay you Tuesday for a hamburger today."
damn, now Im hungry,, Wimpy Burger here I come. ;-)
I need to do some multiple loads of laundry but going for Food sounds better....
Why don’t they pass a law they did in Arizona, which would send zillions of illegals back to Mexico and save them the entire $14.5 billion?
>Why don’t they pass a law they did in Arizona, which would send zillions of illegals back to Mexico and save them the entire $14.5 billion?<
Because it would be impossible for them to retain their positions without these people voting them in!
Figures don’t lie,,,but liars sure can figure...
I have been a life-long bookkeeper. Some of the accounting tricks I have seen would grow hair on a fresh egg.
"That is what our California Recovery Plan is all about.
We took the debt we inherited from the previous administration, the debt that threatens us with bankruptcy, and we rolled it into a $15 billion recovery bond.
Then we tore up the credit card.
We passed a balanced budget amendment.
And we created a rainy day fund for future hard times and emergencies.
Never again will government be allowed to spend money it doesn’t have.
Never again will the state be allowed to borrow money to pay for its operating expenses."
State of the State address by Gov. Arnold Schwarzenegger, Jan. 6, 2004:
ROFLMAO!
See this:
Calderon addresses California lawmakers
************************EXCERPT*************************
Armando Arorizo / Associated Press
Los Angeles Mayor Antonio Villaraigosa, left, and Mexican President Felipe Calderon discuss trade opportunities in downtown Los Angeles.
SACRAMENTO -- In his first visit to California as president of Mexico, Felipe Calderon told the California Legislature today that immigration "carries off the best among us," and he vowed to create the economic conditions that would allow Mexicans to find well-paid work in their own country.
Calderon drew applause, particularly from Republican legislators, when he said, "While my government is committed to protecting the rights of all Mexicans, including those living beyond our borders, we are taking great efforts to ensure that in the future no Mexican needs to leave our country to find job opportunities elsewhere."
He also reminded legislators that Mexico was the main destination of California exports, and he cited the bracero program of the 1940s through the 1960s as a system that met both countries' needs.
"We need to make migration legal, safe and organized," said Calderon, who also met with Gov. Arnold Schwarzenegger today.
Absolute cowards.
This helps explain why steriods, baseball, spying, NFL et al gets attention, yet the Social Security/Medicare/terrorism issues don’t.
Keep your heads in the sand, politicians, and you too, the idiots who vote these B******* in.
They’d better remember to include millions to make up for the Federal funding soon to be lost by Berzerkely.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Now there's the problem....
Many are members of this forum. They are partisans first and conservatives last.
Want to blame someone for the current mess. Blame the faux conservatives who populate FR. Who listened to the siren call of Sundheim's forum shills in 2003, who tried desperately to scare us with a fat, little, cultural separatist bogeyman and who now are supporting a member of the Keating Five for president.
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