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State Budget Shortfall Widens ($14 Billion Deficit - Tom McClintock Was Right Alert)
Los Angeles Times ^ | 12/12/2007 | Jordan Rau

Posted on 12/12/2007 10:34:32 AM PST by goldstategop

Gov. Arnold Schwarzenegger told social service advocates Tuesday that the state's anticipated budget shortfall -- already feared to be the worst since he took office -- has widened to $14 billion, according to people at the meetings.

That new figure indicates that the state's fiscal fortunes are declining even more rapidly than many leaders had expected. Less than a month ago, the Legislature's chief budget analyst calculated that California is on track to come up $10 billion short by June 2009, when the state ends its next fiscal year.

A $14-billion budget gap would translate to more than 12% of the state's budget if spending continues to rise as projected. Legislative Analyst Elizabeth Hill last month urged legislators to consider getting rid of state programs created in recent years, abolishing tax breaks, raising taxes and reducing benefits for the recipients of government programs.

(Excerpt) Read more at latimes.com ...


TOPICS: Constitution/Conservatism; Government; News/Current Events; US: California
KEYWORDS: 14billion; budgetcrisis; budgetdeficit; calbudget; california; jordanrau; losangelestimes; mcclintock; tommclintock
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Ka-ching! Tom McClintock predicted a $14 billion deficit back in August when the Governator, Democrats and MSM savaged him. He's turned out to be California's Cassandra. This amounts to 12% of state spending in the next fiscal year. Ha ha ha ha Still no one's acting to cut spending to correct the situation.

"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

1 posted on 12/12/2007 10:34:35 AM PST by goldstategop
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To: goldstategop

Yeah, but we can spend more money on stem cell research.


2 posted on 12/12/2007 10:36:18 AM PST by Brilliant
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To: goldstategop

I guess CA is on it’s way to becoming the third world country that all the illegals want it to be.


3 posted on 12/12/2007 10:37:31 AM PST by PeteB570 (Guns, what real men want for Christmas)
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To: goldstategop

Well our governor is telling us how our medical system is broken and how the government needs to fix it.

I am not sure who I am more disappointed in, Gov. Arnold or President Bush.


4 posted on 12/12/2007 10:39:22 AM PST by edcoil (Reality doesn't say much - doesn't need too)
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To: goldstategop
reducing benefits for the recipients of government programs

BRILLIANT!

5 posted on 12/12/2007 10:39:22 AM PST by the_devils_advocate_666
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To: goldstategop

Here sits Alaska with a $4.6 billion surplus this year. Gov Palin also asked the Congresscritters to back off on earmarks this year since it is not politick.


6 posted on 12/12/2007 10:41:24 AM PST by RightWhale (anti-razors are pro-life)
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To: goldstategop
Why does California collect so many total idiots that manage to become governors?
Governor "moonbeam", No-Gray-Matter Davis and the current, goofy ignoramus actor Goobernator come to mind.

I wish I had Photoshop skills to insert Gore and Schwartzenneger into an image of Young Frankenstein...

... as Dr. Frankenstein and Igor...

7 posted on 12/12/2007 10:45:26 AM PST by Publius6961 (MSM: Israelis are killed by rockets; Lebanese are killed by Israelis.)
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To: goldstategop

Stop spending you dam fools. Isn’t it amazing that the general public knows what the problem is but the Governor and the State Legislature doesn’t get it? Or they just don’t care.....it’s not their money.


8 posted on 12/12/2007 10:47:38 AM PST by RC2
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To: goldstategop

Yup. We were right to support the true conservative back when Tom was running against the Hollywood Hopeful and we’re right to support the true conservative vs. the Hollywood Hopeful today.

.

.

.

Why the smart money is on Duncan Hunter
http://www.freerepublic.com/focus/f-news/1926032/posts


9 posted on 12/12/2007 11:13:50 AM PST by Kevmo (We should withdraw from Iraq via Tehran. And Duncan Hunter is just the man to get that job done.)
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To: goldstategop

The illegal immigration issue may just give us a way to elect McClintock as governor. I look forward to the effort.


10 posted on 12/12/2007 11:14:08 AM PST by Defiant (Huckabee puts the goober back in gubernatorial.)
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To: goldstategop

FR circa 2004 ...

“But but but but, Schwartzenegger can WIN, and he’s a “front runner”.

See my tagline...


11 posted on 12/12/2007 11:20:46 AM PST by ROTB (Front Runner=rich guy who doesn't hate evil and strives to offend no one, & WILL SELL YOU OUT.)
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To: ROTB
Red Arnold is now in the same boat as Gray Davis. Its the perfect storm.

"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

12 posted on 12/12/2007 11:22:05 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: goldstategop

The Governor was hob-nobbing with luminaries last week at the California Hall of Fame, in his element. Meanwhile, the Titanic continues to take on red ink.


13 posted on 12/12/2007 11:22:08 AM PST by PC99
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To: PC99
Personally, I think its great. ArnoldCare is effectively DOA. Voters won't approve revenue for it at a time when the state is incapable of managing its own finances. We're talking about a substantial funding commitment for a new entitlement at a time when California doesn't have the cash on hand to fully fund current social programs.

"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

14 posted on 12/12/2007 11:24:51 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: ROTB
Now apply this same sniveling attitude to the recent fawning over Rudy McRomney...

And people still wonder why this Country is sliding leftward...

15 posted on 12/12/2007 11:40:48 AM PST by Dead Corpse (What would a free man do?)
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To: goldstategop

Most politicians can do great photo-ops but political leadership is a lost art. We have managed to kill off, savaged or otherwise destroy anyone capable.


16 posted on 12/12/2007 12:04:02 PM PST by caisson71
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To: CAluvdubya; liege; REDWOOD99; stillonaroll; Right Cal Gal; whinecountry; b9; antceecee; ...

PING!

McClintock Ping List.
Please freepmail me if you want on or off this list


17 posted on 12/12/2007 4:16:10 PM PST by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: Brilliant

If we bail out the house flippers...maybe they can pay their property taxes....

oh wait, maybe not


18 posted on 12/12/2007 4:17:51 PM PST by BurbankKarl
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To: RC2

I think if California quit spending a grave flaw in California economics would be revealed. So many jobs have been sent out of state that the private sector has no way to absorb the people that would be unemployed. I think it is the same reason the federal government could not cut spending with a Republican Congress earlier this decade. To many jobs have been moved offshore. Both California and the federal government are masking false economies that require they borrow and spend. We’ll see.


19 posted on 12/12/2007 4:40:07 PM PST by backtothestreets (My bologna has a first name, it's J-O-R-G-E)
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To: goldstategop
And you voted for Tom in the recall, right?
20 posted on 12/12/2007 4:40:48 PM PST by Carry_Okie (Duncan Hunter for President)
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