Probably going to raise our taxes big time yet because that seems easiest and during a recession??? And when I recently heard we are in violation of federal law for letting people stay on welfare indefinately I was livid. What a bunch of weak-kneed spineless legislators and governor we have. Tough love and common sense needed asap!
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Gov. Schwarzenegger says Calif. budget deficit now $14.8 bln

By Sue Chang
Last update: 6:58 p.m. EST Dec. 10, 2008Comments: 22

SAN FRANCISCO (MarketWatch) -- Gov. Arnold Schwarzenegger said Wednesday that California's budget deficit has grown to $14.8 billion from $11.2 billion when he declared a fiscal emergency earlier this month. "California faces a growing financial crisis, and if we don't put aside our ideological differences and negotiate and solve this problem, we're heading towards a financial Armageddon," the governor said at a press conference. Noting that the deficit will cause thousands in job losses and private-sector revenues, he called on legislators to work together to come up with a solution.

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