The California Budget: Yikes
When it comes to California's budget situation, no matter how bad you think things are, they're probably worse. The Mercury News puts a $40 ...
When it comes to California's budget situation, no matter how bad you think things are, they're probably worse. The Mercury News puts a $40 billion shortfall in context:
SACRAMENTO -- If Gov. Arnold Schwarzenegger were to fire every employee in state government tomorrow, it would easily patch California's enormous deficit, right? Not even close.
But surely shutting down all the state prisons would do the trick? That, too, would only get him about a quarter of the way there.
Now what if he were to close every prison and cut off funding for health care and other services for the poor? Now we're in the ballpark.
The shortfall makes it quite likely that Schwarzenegger will remain unpopular for the remainder of his term. My question is whether that matters or not for the 2010 governor's race.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
Skyrocketing Court Fines Are Major Revenue Generator for Ferguson17 hours ago
The Week in Public Finance: Rhyme Time, Slow Money and Water Works20 hours ago
California Legislature Rushes to Complete Bills Before the Session Ends22 hours ago
Does Adrian Wyllie, Florida's Libertarian Candidate for Governor, Have a Chance?22 hours ago
Acquitted Mayor Sues Florida's Governor, Wants His Job Back22 hours ago
Georgia Fights Efforts to Outlaw Online Gambling22 hours ago