Tag Archive | "budget shortfall"

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California Reaches "Basic Agreement" on Budget…

Posted on 20 July 2009 by Mr. Harrington

UPDATE:  California has passed a budget…check back for more updates…

Here is the previous post…:

Yes, ladies and gentlemen of California, Governor Arnie said today that he and lawmakers had reached a “basic agreement” on a budget…

Just days ago, I reported that California was getting close to a deal…

But will it last?  If it does…we can pay our bills…and maybe no more furloughs…

All Democrats and several Republicans must vote in it’s favor for it to pass.

California socialite, Karen Bass, spoke of the deal, saying “We have closed the deficit. … We have protected the safety net.”

However, the plan includes $15 Billion in budget cuts…

There is also a plan to allow drilling off of the California coast…

However, several state parks will have to close.

All with no tax increases…

Now, keep in mind, this plan isn’t great…it works…and slows the free-fall we were in just days ago…

If they can pass it…

Read–CBS 13-Sacramento

Read–CNN

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California Nears Budget Deal…

Posted on 16 July 2009 by Mr. Harrington

Why?

Because they are going on vacation this weekend…

And what might they do?  Legalize pot.

It could rake in $1.4 billion in additional cash for the state.

Lots of people think that its a good idea…but what about the remaining $25 Billion?

Read

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