Schwarzenegger declares fiscal emergency | G.O.O.D

Mountain House Freeze-Dried Food « Delinquent Mortgages Set to Nearly Double in 2009 Global stocks resume decline » Dec 02 2008 Schwarzenegger declares fiscal emergency Posted by: Joshuah in Economics, tags: Arnold Schwarzenegger, Budget Gap, California, Economy, Emergency Response, fiscal emergency, Partisan Gridlock, Vehicle License Fee, Welfare Programs Govenor Arnold Schwarzenegger Source: Los Angeles Times Gov. Arnold Schwarzenegger ordered the new Legislature in to work on its first day, declaring a fiscal emergency Monday in response to the state’s deteriorating finances and urging lawmakers to “get off of their rigid ideologies.” But even as Schwarzenegger warned that California could run out of cash within two months, there was little indication that the Capitol’s partisan gridlock has waned enough to allow for an easy resolution to the state’s $28-billion budget gap. Republican lawmakers, who last week blocked a Democratic proposal to cut billions of dollars from schools, healthcare and welfare programs while tripling the vehicle license fee, quickly reiterated their opposition to any new taxes, which both Schwarzenegger and Democrats say are indispensable. Democratic legislators again dismissed some of Schwarzenegger’s proposals to ease labor rules on business in order to boost the economy. Full Story Technorati Tags: fiscal emergency This entry was posted on Tuesday, December 2nd, 2008 at 6:52 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Leave a Reply You must be logged in to post a comment. Login »
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Creative Commons Attribution 3.0 United States

Creative Commons Attribution 3.0 United States