LEFT WING LOONS
See other LEFT WING LOONS Articles
Title: Shortfall in California’s Budget Swells to $16 Billion (Moonbeam says Obama blocking budget cuts)
Source:
Infowars/NY Times
URL Source: http://www.infowars.com/shortfall-i ... s-budget-swells-to-16-billion/
Published: May 13, 2012
Author: ADAM NAGOURNEY
Post Date: 2012-05-13 19:44:25 by Hondo68
Ping List: *The Two Parties ARE the Same* Subscribe to *The Two Parties ARE the Same*
Keywords: new spending cuts, reductions to schools health c, illegal aliens & slut supplies
Views: 102330
Comments: 211
LOS ANGELES — The state budget shortfall in California has increased dramatically in the last six months, forcing state officials to assemble a series of new spending cuts that are likely to mean further reductions to schools, health care and other social programs already battered by nearly five years of budget retrenchment, state officials announced on Saturday. Gov. Jerry Brown, disclosing the development in a video posted on YouTube, said that California’s shortfall was now projected to be $16 billion, up from $9.2 billion in January. Mr. Brown said that he would propose a revised budget on Monday to deal with it. “We are now facing a $16 billion hole, not the $9 billion we thought in January,” Mr. Brown said. “This means we will have to go much further and make cuts far greater than I asked for at the beginning of the year.” Mr. Brown disclosed the news in a video that had all the trappings of a campaign announcement. In it, he aggressively accounted for the steps he said he had taken to try to scale back a $26 billion deficit he found upon taking office. And he urged viewers to back an initiative he is putting on the November ballot that would increase sales taxes by 0.25 percent and impose an income tax surcharge on wealthy Californians to try to stave off more cuts.
Poster Comment: Barack 0'bush forced Arnold Moonbeam to spend like crazy, and regulate until business left the state. Such a sad story from the D&R party. parasites
Subscribe to *The Two Parties ARE the Same*
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 1.
#1. To: hondo68 (#0)
How is it possible that the state hires "the best and brightest minds" to forecast these issues and then performs major retractions, revising so-called "shortfalls" not by a few million bucks by by BILLIONS in such a short period of time? Don't vote for these muther-fuckers. (yep: i know it is mother's day)
#14. To: buckeroo (#1)
Economics is a social science, it's about human behavior. There are far too many variables to make accurate prediction possible, the best economists can do is make an educated guess.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Replies to Comment # 1. How is it possible that the state hires "the best and brightest minds" to forecast these issues and then performs major retractions, revising so-called "shortfalls" not by a few million bucks by by BILLIONS in such a short period of time?
End Trace Mode for Comment # 1.
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]