Friday, May 14, 2010

California bankruptcy watch

Now begins the California bankruptcy debates:

SACRAMENTO — Gov. Arnold Schwarzenegger on Tuesday sent lawmakers his plan to trim more than $5 billion in spending by dismantling or drastically curtailing state programs that provide Californians with healthcare, higher education, welfare, parks, AIDS treatment and counseling, prisoner rehabilitation and other services.

The cuts came atop other severe spending reductions in a separate $16-billion plan that the governor unveiled two weeks ago. His aides said he would propose another $3 billion in cuts by the end of the week to address a projected $24.3-billion budget shortfall.

And the usual crowd begins the pitchfork scenario.

Union members began a 48-hour vigil in the park that surrounds the statehouse, saying that their members would be driven into poverty, and the elderly and disabled deprived of care if Schwarzenegger's proposals are adopted. They also filed a lawsuit in federal court that attempts to stop some of the planned cuts.

Los Angeles Mayor Antonio Villaraigosa came to the capital along with other officials to denounce Schwarzenegger's bid to borrow $2 billion from local governments. The League of California Cities launched a website, "Save Your City," asking for videos that will show how a state "raid" of local property taxes would affect people throughout the state. "Your city is in trouble," the site flashed.

Villaraigosa want bailout money, his carreer depends on handing out government goodies.

The Gubinator has become a joke, a parody. Where is he gonna get $100 billion for a Bullet Train?

1 comment:

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