Calif. Speaker's solution for state deficit: U.S. taxpayers chip in billions (flag)

latimesblogs.latimes.com — Not that many people outside of California care, but according to Gov. Arnold Schwarzenegger , the state faces a nearly $25 billion budget deficit. As the rich man that he is, the former movie star favors everybody else helping out by making his state's sales tax the No. 1 biggest, ...

White House

Arnold Schwarzenegger

U.S. Army

vote downundo vote up protein wisdom found this 11/13/2008

Leave a Comment

“Calif. Speaker’s solution for state deficit: U.S. taxpayers chip in billions”
protein wisdom — From Top of the Ticket : Not that many people outside of California care, but according to Gov. Arnold Schwarzenegger, the state faces a nearly $25 billion budget deficit. As the rich man that he is, the former movie star favors everybody else helping out by making his state’s sales tax the No. 1 biggest, averaging 9.5%. According to the nonpartisan legislative analyst, Mac Taylor, the state’s deficit will actually be closer to $28 billion in the next 20 months. That’s a lot of money, even at California prices; more money even than Barack Obama raised to get elected president. ...

People Just Don't Get It
Riehl World View — Honestly, I think most Americans are still walking around in a state of shock since Bush moron Paulson took center stage and announced that world finances were about to collapse. If that wasn't an exercise in poor judgment there never was one. Anyhow - it isn't just California ($28 billion shortfall) - it's Detroit the city ($10 Billion), too. New Jersey isn't in the news but it's sucking air. NYC is raising taxes and tolls. Funny that, so far, they are all very "Blue." The Detroit City Council passed a resolution today ...

California: Hey, why not bail us out, too?
Hot Air » Top Picks — ... to their inability to control spending.  When Governor Arnold Schwarzenegger first took office on a platform of fiscal responsibility, the Golden State deficit was around $6 billion.  It has almost quintupled since, as California has continued its spending spree and raised taxes that kill investment and businesses.  Now that they face a drastic shortfall in projected revenue, thanks to the economic mismanagement of Schwarzenegger and the legislature, the Speaker of the Assembly has a great idea — why not let the federal government subsidize their irresponsibility? Assembly ...

Quotation Of The Day
Right Wing Nation — ... , thanks to their inability to control spending.  When Governor Arnold Schwarzenegger first took office on a platform of fiscal responsibility, the Golden State deficit was around $16.5 billion.  California has continued its spending spree and raised taxes that kill investment and businesses.  Now that they face a drastic shortfall in projected revenue, thanks to the economic mismanagement of California’s governing class, the Speaker of the Assembly has a great idea — why not let the federal government subsidize their irresponsibility? ...