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On Monday, State Controller John Chiang sent an urgent letter to Gov. Arnold Schwarzenegger and top legislators warning that the most populous state in the nation is "less than 70 days from running out of cash." Chiang said he "cannot stress enough the crisis we are facing," saying California is literally "weeks away from a meltdown."
Originally posted by Resinveins
reply to post by MischeviousElf
Sorry. I'm not asleep so don't need waking thanks Nor am I unaware that people will likely undergo some serious hardships because of this. But you'll excuse me if I don't panic. This isn't the end of the world... I refuse to act like it is.
Originally posted by Resinveins
reply to post by Jinni
Yup... alarmist... in reference to you specifically... Why?? Because we have to DOOOOO something before it's TOOO LATE!
How do you get out of your fetal position long enough to post?
And yes I know what ignorant means... I asked you what "an ignorant" is... since you felt compelled to call me such.
Originally posted by marg6043
Ten U.S. States Now Facing Bankruptcy
California
Budget gap (as a % of the total budget): 22%
Gap: $22.2 billion
Arizona
Budget gap (as a % of the total budget): 19.9%
Gap: $2 billion
Florida
Budget gap (as a % of the total budget): 19.9%
Gap: $5.1 billion
Nevada
Budget gap (as a % of the total budget): 16%
Gap: $1.2 billion
Rhode Island
Budget gap (as a % of the total budget): 13.1%
Gap: $430 million
New York
Budget gap (as a % of the total budget): 9.8%
Gap: $5.5 billion
Alabama
Budget gap (as a % of the total budget):
9.5%
Gap: $784 million
Georgia
Budget gap (as a % of the total budget): 8.7%
Gap: $1.8 billion
New Jersey
Budget gap (as a % of the total budget): 7.7%
Gap: $2.5 billion
Maryland
Budget gap (as a % of the total budget): 7.2%
Gap: $1.1 billion
finance.yahoo.com...
Total Recipients 1,228,578
AGED 360,374
BLIND 17,992
DISABLED
CHILDREN 147,464
Adults 702,748
Schwarzenegger, a multimillionaire, has declined his $212,179 a year salary since he was elected
To conserve cash, Schwarzenegger has ordered state offices shut for two days a month and all workers to take two days of unpaid leave each month. The impasse forced a state panel on Dec. 18 to halt funding for $3.8 billion of construction on schools, roads and other public works, a decision officials said might cost tens of thousands of jobs.
Schwarzenegger, a 61-year-old Republican. “The truth is that California is in a state of emergency. Addressing this emergency is the first and greatest thing we must do for the people. The $42 billion deficit is a rock upon our chest and we cannot breathe until we get it off.”