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Author Topic: California governor declares state of fiscal emergency  (Read 1279 times)

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Offline bijou

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California governor declares state of fiscal emergency
« 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
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Offline NHSparky

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Re: California governor declares state of fiscal emergency
« Reply #1 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.
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“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.”  -Henry Ford
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