Tuesday, February 22, 2011

We have a word for this, Bankruptcy

On Feb. 15, California Republican legislators demanded Gov. Brown enact his $12 billion in proposed budget cuts before they vote on whether to approve his special election on the budget and taxes scheduled for June 7. Brown needs at least a few Republican votes for the special election to pass (assuming all Democrats vote yes.) Part of what Republicans want includes public pension reductions. The effective deadline for this to happen would be March 7, as the state needs three months to prepare for the election. But it's simply not possible for the governor to implement sweeping public pension reform in a couple of weeks. Plus, even if he could, it's a certainty that CalPERS and public unions would sue to block it, tying it up in court for years. The Republicans also want a permanent cap on spending, less regulations, tax reform, and liberals to be banished to the netherworld forever. (No, wait, that last one can't be right…) Independent Voter network

Bankruptcy, secession, territorial reversion; whatever, any detachment from DC will help.

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