Wednesday, May 12, 2010

Schwarzenegger: "Terrible Cuts" Needed to Close Deficit; Prison System Insanity; Mish Proposals for California

Now that growth in California's tax revenue is widely understood to be a mirage, with April wiping out all the gains in the previous 4 months, Schwarzenegger Preps ‘Terrible Cuts’ to Close Deficit. http://www.bloomberg.com/apps/news?pid= ... HZOCQK9hC4

California Governor Arnold Schwarzenegger will seek “terrible cutsâ€