|
| Orange County Register -- Santa Ana, Calif. -- November 19, 2009 The defecit that wouldn't die Only last July the state budget was balanced with cuts in "essential" public services, by agreeing to sell high-priced assets, after deciding to switch money from one account to another and by planning to fill remaining gaps with Washington handouts. Despite intentions, the state didn't save billions of dollars... |
| Los Angeles Times -- November 19, 2009 California's budget woes will continue for years, report says ...State government faces a nearly $21-billion deficit over the next year and half, according to the report by nonpartisan Legislative Analyst Mac Taylor. Sacramento will be forced to muddle along, he says, unable to reverse the deep cuts that officials have made to K-12, universities, healthcare and social services... [See This Feature] |
| Reuters -- November 18, 2009 California budget shortfall to top $21 billion California faces a budget gap of nearly $21 billion over its current and next fiscal years, according to the state government's budget watchdog agency, the Los Angeles Times reported on Tuesday. -- The newspaper said California's Legislative Analyst's Office would issue an official report on Wednesday with its shortfall estimate... |
| Dr. Jerome R. Corsi -- WorldNetDaily.com -- November 17, 2009 Belly up: 10 states face imminent bankruptcy Ten states are facing imminent bankruptcy, confounding any possibility of economic recovery as tax revenues continue to decline and unemployment increases nationwide, Jerome Corsi's Red Alert reports. -- Those states in fiscal peril include California, Arizona, Rhode Island, Michigan, Oregon, Nevada, Florida, New Jersey, Illinois and Wisconsin. |
| San Francisco Chronicle -- November 17, 2009 California's darkening future California's recurring budget nightmares are becoming near-permanent fixations. After cutting $20 billion last June, the state may wind up with a deficit of more than $12 billion by next June - and a deeper hole the following year... |
| Reuters -- November 14, 2009 California braces for new state budget gap California's fiscal watchdog will soon release a report pointing to yet another massive state budget deficit sure to trigger weeks if not months of angst in the state capital of Sacramento. -- Governor Arnold Schwarzenegger expects as much as he has repeatedly been snared in heated debates with and among lawmakers... |
| Politico -- November 9, 2009 Poll shows gloomy view in California While Californians hold a high opinion of President Barack Obama, they have a grim outlook on the state’s future and a low opinion of their own crop of potential leaders — when voters have even heard of them. -- Faced with a budget crisis that has forced massive budget cuts and tax and fee hikes across the state... |
| San Bernardino County (Calif.) Sun -- November 8, 2009 U.S. illegal immigration program costing county San Bernardino County taxpayers have spent an estimated $54.5 million to jail illegal [aliens] since 2004, and officials have been fighting an uphill battle to get the federal government to pick up more of that cost. -- In all, federal officials have reimbursed the county about $6.7million since fiscal year 2004... |
| Richard W. Rahn -- Washington Times -- November 5, 2009 Choosing fantasy or facts Have you noticed that many politicians who have trouble dealing with reality also seem to prefer fantasyland when dealing with budgets? -- Those on the left never stop claiming that problems will be solved if only tax rates are increased. Why then does California, with its 10.6 percent state income tax rate, have a huge budget deficit... |
| Los Angeles Times -- November 1, 2009 California to withhold a bigger chunk of paychecks Starting Sunday, cash-strapped California will dig deeper into the pocketbooks of wage earners -- holding back 10% more than it already does in state income taxes just as the biggest shopping season of the year kicks into gear. -- Technically, it's not a tax increase, even though it may feel like one... |
| KABC-TV -- Los Angeles -- October 31, 2009 California steals from workers Sacramento -- Starting next week, the state begins withholding another 10% in taxes, and the increase is indefinite. -- It's not what cash strapped Californians want to hear, especially with the holidays just around the corner. --- It's part of the budget deal Governor Arnold Schwarzenegger and lawmakers agreed to, to help the state ease the financial crisis... |
| Dan Walters -- North County Times -- Escondido, Calif. -- October 29, 2009 CalPERs deal raises stink ...CalPERS is run by a claque of politicians and directors who mostly come from public employee unions. And it hasn't exactly posted a sterling investment record lately, having lost about $100 billion in often speculative investments, such as a $1 billion haircut on Southern California land... |
| John Judis -- The New Republic -- October 26, 2009 End State -- Is California finished? California is a mess, but I love it all the same--especially the Bay Area, where I lived for 15 years. I went to Berkeley in 1962--a refugee from Amherst College, which at that time was dominated by frat boys with high SAT scores. I didn't go to Berkeley to go to school, but to be a bus ride away from North Beach and the Jazz Workshop... |
| Reuters -- October 20, 2009 Sorry, no jobs. This is California If you're looking for work, don't look in California. -- The world's eighth largest economy is still finding its feet after suffering multiple economic shocks, including a housing slump, mortgage crisis and recession. -- Employers in California, the most populous U.S. state, are expected to keep cutting staff in 2010 as the wider U.S. jobs market recovers... |
| Robert Cruickshank -- London Guardian -- October 18, 2009 From Golden State to failed state California has become a failed state. Its political system is unable to resolve a financial crisis that has prevented us from using government to end high unemployment and restore the California dream. -- California's crisis is by no means unique. Other states face serious budget problems, including Pennsylvania and New York... |
| Bloomberg -- October 10, 2009 California's budget suffers 'major blow' as debt sales loom California's revenue collections trailed its forecasts by $1.1 billion during the first three months of the fiscal year, showing new deficits are emerging in the budget Governor Arnold Schwarzenegger signed July 28. -- Revenue was 5.3 percent less than was assumed in the $85 billion annual budget... [See Cal Meltdown Watch] |
| Bloomberg -- October 10, 2009 California budget already in the red 10 weeks after passage California Governor Arnold Schwarzenegger will know within a month whether a $1.1 billion drop in revenue collections is part of a growing budget shortfall or an isolated event, his budget spokesman said. -- Revenue in the three months ended Sept. 30 was 5.3 percent less than assumed in the $85 billion annual budget... |
| 
| Current Site Visitors -> 