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12-26-2009, 04:14 PM #1
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Schwarzenegger Seeks Obama’s Help for Deficit Relief
Thursday, December 24, 2009
Schwarzenegger Seeks Rule Changes on Mandates and Social Programs To Ease $21 Billion Budget Gap
California is back in the hole and digging deeper. It is now $21 billion in the hole again and digging deeper every day.
In response to the growing problem, Schwarzenegger Seeks Obama’s Help for Deficit Relief http://www.bloomberg.com/apps/news?pid= ... dI2wUyyroI
California Governor Arnold Schwarzenegger, anticipating a $21 billion state budget deficit, plans to ask President Barack Obama to ease mandates and minimums on social programs to save as much as $8 billion.
The Republican governor plans to seek the relief, according to a California official who asked not to be identified because details haven’t been resolved. Instead of seeking one-time stimulus money or a bailout, the most-populous U.S. state wants the federal government to reduce mandates and waive rules stipulating expenditures on programs such as indigent health care, the official said.
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