California voters had their say and now Schwarzenegger is doing what needs to be done.
In a state that long has prided itself on its social safety net, it could well go down in history as the most drastic reduction in social programs ever. And billions in further cuts will be unveiled later this week.
The governor’s proposal to whack an additional $5.5 billion from state programs stunned even longtime Capitol-watchers with its blunt force. Ending cash assistance for 1.3 million impoverished state residents, for example, would make California the only state with no welfare program. [...]
The governor’s office reiterated that the cuts were painful but unavoidable, with the proposed budget for the 2009-10 fiscal year already outdated before lawmakers even begin debate. Schwarzenegger’s finance team now says the deficit will grow to $24.3 billion by July 1, up from the previous $21.3 billion projected shortfall.
Here are all of the proposed cuts…
So why is this happening?
Well, most of what you need to know is in this article. Basically, the blame is shared by both the citizens of CA and the government, and these cuts seem to be the only way to make things right. Spending must be reigned in since any new taxes or tax increases in California have to approved by a 2/3rds majority in both houses, and that’s an almost impossible feat.
More as it develops…
This entry was posted on Wednesday, May 27th, 2009 and is filed under California. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.