
(CNN) -- Faced with a projected $42 billion deficit, California Gov. Arnold Schwarzenegger says his office will send out 20,000 layoff notices Tuesday if lawmakers fail to reach a budget deal before then, according to a spokesman.
Gov. Arnold Schwarzenegger warned lawmakers about potential job cuts last week.
The Republican governor, who declared a fiscal emergency in December, has butted heads for months with the Democratic majority over alleviating the state's $11.2 billion revenue shortfall.
He warned lawmakers about the cuts last week, urging them to approve the latest budget proposal.
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Running short of cash, California last month started delaying $3.5 billion in payments to taxpayers, contractors, counties and social service agencies so the state could continue funding schools and making debt payments.
"The real-life impact will be the slowdown -- the actual shutdown -- of hundreds of state funded transportation projects, people not getting paid, taxpayers not getting refunds," said Senate President Pro Tem Darrell Steinberg, D-Sacramento.
Full ArticleHmmmm...leave a bunch of true blue liberals running a state for too long and what happens??? California, the state with the highest taxation system and most social programs goes bankrupt.
Now imagine this on a larger playing field...the U.S.A and we'll follow.....liberals will destroy this country if we don't get out and vote next year and start taking power away from them.