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Schwarzenegger compares California's woes to euro zone
Reuters ^

Posted on 05/14/2010 4:51:15 PM PDT by Sub-Driver

Schwarzenegger compares California's woes to euro zone Photo 7:19pm EDT

By Jim Christie and Peter Henderson

SACRAMENTO (Reuters) - California Governor Arnold Schwarzenegger on Friday compared the state's predicament to that of weaker euro zone economies and called for scrapping the state welfare system to close a $19.1 billion budget gap.

The movie star turned governor said California, the most populous U.S. state with an economy that would be the eighth largest in the world, faced the same dilemma of dismal growth and budget gaps as Greece, Spain and Ireland.

California's government has been living beyond its means and has little choice but to cut $12.4 billion in spending over the remainder of this fiscal year and the next, Schwarzenegger told a press conference in Sacramento.

"You see what is happening in Greece, you see what is happening in Ireland, you see what is happening in Spain now," Schwarzenegger said, referring to swelling deficits and austerity measures that have concerned investors worldwide. "We are left with nothing but tough choices."

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


TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: armageddon; budget; deficit; goldenstate
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I lived in Kalifornia back in the 80's. And the governor was George Deukmejian........bland, boring, never raised taxes, and gave the Democrat legislature fits.....

Best thing he did, the state had surplus and he gave it back to the people which threw the unions into a tizzy...

And now it's this joker.........

1 posted on 05/14/2010 4:51:15 PM PDT by Sub-Driver
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To: Sub-Driver

Me too.

I GTFO when Gray Davis came in.


2 posted on 05/14/2010 4:53:52 PM PDT by mylife (Opinions: $1 Halfbaked: 50c)
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To: Sub-Driver
"We are left with nothing but tough choices."

How about the toughest choice of all ... cutting taxes and regulations, and making California a place where people want to come and set up businesses?

3 posted on 05/14/2010 4:55:02 PM PDT by Mr Ramsbotham ("I'll retire to Bedlam.")
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To: Sub-Driver

Sounds good to eliminate welfare, but it just shifts costs to County government because they will all go on General Assistance. Also, currently County jails hold prisoners who have sentences up to a year. The Gove. is going to make that 3 years. Our jail currently has a 6-9 mo. wait to get in. Gues people will just not have to serve their sentences.


4 posted on 05/14/2010 4:56:46 PM PDT by marsh2
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To: Sub-Driver
"We are left with nothing but tough choices."

No doubt CA will screw that up fiscally too.

5 posted on 05/14/2010 4:57:41 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Mr Ramsbotham

The people of CA voted long ago to cut of welfare and state programs for illegals. A court objected and the state never appealed. CA will never get a grip on its financial problems with out cutting the illegals out our schools, hospitals, welfare and prisons.
We need to start enforcing immigration law and force the illegals to leave..period. The alternative is Greece..or worse.


6 posted on 05/14/2010 4:57:50 PM PDT by Oldexpat
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To: Oldexpat

California is Greece.


7 posted on 05/14/2010 4:58:40 PM PDT by Boardwalk
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To: Sub-Driver
My fellow Californians....get ready for the fight of life. There is stealth legislation in Sacramento aimed at repealing Proposition 13. This is the “tough choice” SchwartenKennedy is referring to.
8 posted on 05/14/2010 4:58:47 PM PDT by Huskrrrr
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To: Sub-Driver

“The movie star turned governor..”

The European turned U.S. citizen. Guess he should have taken European history. If he did, he failed.


9 posted on 05/14/2010 4:59:38 PM PDT by taxesareforever (Release Staff Sgt. Frank Wuterich and let him and his family get on with their lives.)
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To: Sub-Driver

EUroKalifornia .. We knew thee well.


10 posted on 05/14/2010 5:02:56 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: Sub-Driver
California will never be out of financial woes unless they kick the illegals out. Then clean out the Unions that have corrupted the State employees benefits and wages. Reduce government employees. Then lowering all imposed fees and lower the income and sales tax base. Do away with all environmental BS. Reduce invasive rules on business. Curtail welfare. Otherwise forget it. Not a chance in hell.
11 posted on 05/14/2010 5:03:09 PM PDT by Logical me
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To: mylife

12 posted on 05/14/2010 5:04:04 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Chuck DeVore - CA Senator. Believe.)
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To: taxesareforever

I do not know who is more unqualified - him or Barry....


13 posted on 05/14/2010 5:06:58 PM PDT by Sub-Driver (Proud member of the Republican wing of the Republican Party)
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To: NormsRevenge

Heyup.


14 posted on 05/14/2010 5:08:52 PM PDT by mylife (Opinions: $1 Halfbaked: 50c)
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To: Mr Ramsbotham

I seem to recall Arnie campaigning on the basis that he was the man to make tough choices....


15 posted on 05/14/2010 5:30:08 PM PDT by pointsal
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To: marsh2

Maybe a it’s time for states to start using real punishment, discipline and rehabilitation instead of the wastefulness and idiocy that has become our penal system. Years in jail is ridiculous. It’s time we go back to the practice of carrying out a sentence and moving on. The idea of prison is stupid anyway.


16 posted on 05/14/2010 7:31:48 PM PDT by JDW11235 (I think I got it now!)
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To: Sub-Driver

Yep - it’s just like Greece.

And when our government tries all the “fixes” that the EU has done with Greece...well, we might as well be Greece. :(


17 posted on 05/14/2010 7:38:21 PM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: Sub-Driver

Two peas in a pod.


18 posted on 05/15/2010 12:07:49 AM PDT by taxesareforever (Release Staff Sgt. Frank Wuterich and let him and his family get on with their lives.)
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To: Mr Ramsbotham; taxesareforever
How about the toughest choice of all ... cutting taxes and regulations, and making California a place where people want to come and set up businesses?

There was a time when SchwartzenKennedy was for EXACTLY that, and evangelized that to anyone who would listen, and even forced it on those that wouldn't.

If you check out - posted by another FReeper tonight - this link to watch Milton Friedman's "Free to Choose" series, you'll see a young Arnold proudly giving a glowing introduction, and stating unequivocally that Socialist Europe needs to get the message of deregulation.

The fall of Schwartzenegger from Fiscal Conservative to Fiscal Joke has to be one of the saddest things I've ever seen. I always knew he was a libertine; I guess this confirms that social liberals always develop into fiscal liberals.

19 posted on 05/16/2010 12:40:48 AM PDT by Yossarian (A pro-life democrat is one who holds out for something in return for his pro-abortion vote.)
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To: Oldexpat

“The people of CA voted long ago to cut of welfare and state programs for illegals. A court objected and the state never appealed.”

1994. Judge Marianne Pfaelzer objected to Prop 187, sat on her decision for two years, and when Pete Wilson left office she conspired with incoming Democrat Governor Gray Davis to see that an appeals court didn’t get the chance to review her decision. Basically two individuals thwarted the will of millions of California voters. So much for the value of voting in this state.

Arnold Schwarzenegger has had the opportunity to reject this antidemocratic Davis/Pfaelzer agreement since the day he took office as Governor. Arnold hasn’t done it because he’s part of the GOP’s pro-illegal alien faction, much the same as Bush and Rove. There is little reason to believe that a Republican replacement for Arnold would be any different.

We need to pass another initiative patterned exactly on Arizona’s bill. California’s voters will have to compel its politicians to obey and enforce the laws. The two parties will continue to come as close to sedition as they can unless the voters force them to do otherwise.


20 posted on 05/16/2010 1:09:13 AM PDT by Pelham (without Deporting 20 million illegals, border control is meaningless.)
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