The Conservative Cave

Current Events => Breaking News => Topic started by: bijou on July 28, 2010, 03:55:12 PM

Title: California governor declares state of fiscal emergency
Post by: bijou on July 28, 2010, 03:55:12 PM

(Reuters) - Increasing pressure on lawmakers to negotiate a state budget that closes a $19 billion shortfall, California Governor Arnold Schwarzenegger declared a state of emergency over the state's finances on Wednesday.

In the declaration, Schwarzenegger ordered three furlough days per month beginning in August for thousands of state employees to preserve the state's cash to pay the state's debt obligations and for essential services. ...

http://www.reuters.com/article/idUSTRE66R5FE20100728?type=politicsNews

Title: Re: California governor declares state of fiscal emergency
Post by: NHSparky on July 28, 2010, 06:27:56 PM

And when the unions and the Democrats (but I repeat myself) reject this, he'll move to declare bankruptcy.

Oh, this oughta be good.