California is getting ready for a disaster
-->Politics, California Housing Crash, The Economy, Real Estate May 14th, 2009
According to the LA Times:
The governor offered two scenarios. The first was grim, to address a $15.4-billion deficit that finance officials say the state will face even if voters approve a set of ballot measures Tuesday. The second was devastating, intended to close a $21.3-billion gap if the measures fail.
The governor’s plan, unveiled this afternoon, would take $3 billion from public schools if the ballot propositions pass and $5 billion if they fail.
In either case, Schwarzenegger would borrow $6 billion to pay bills, lay off 5,000 workers, cut funding to hospitals, sell the Los Angeles Coliseum and Sports Arena, San Quentin State Prison and other facilities, consolidate state agencies and eliminate some state boards and commissions.
-->
May 16th, 2009 at 2:46 pm
http://www.askbutwhy.com/search/label/Michael%20Hudson
Great link…. have a super weekend