Schwarzenegger's Shock Therapy: Poor Pays For Sins of Rich

June 11, 2009: Fault Lines--California: Failed State (2 parts): Now that Washington has ruled out an immediate bailout for California, we know who will pay the ultimate price for the crisis born on Wall Street: the state’s most vulnerable citizens. And with many states facing similar crises, this could be a preview of where the country as a whole is headed.

California is facing a $24.3 billion dollar budget gap, and the governor wants to attack it with cuts to social programs alone. If Schwarzenegger has his way, the price will be paid by 1.9 million people who lose their health care coverage, 1.3 million who lose basic welfare, thousands of state workers who get fired, schools that lose $5 billion in funding, having already survived brutal cuts earlier this year.

More here.
jamessurvivalguidesays...

Arnie (the governator) is playing the federal government like a fine violin. I think we should bail California out, and then follow the money trail to see what entities are responsible for the deficit, and bring them all to justice. There's no reason why the largest state in the union should be in debt. Another thing too, seal off them borders! So many passengers from the sinking ship of Mexico have jumped onto the U.S. cruise-liner that our vessel has exceeded its weight capacity and is running the peril of joining Mexico in davie jones' locker. Some common sense please.

rougysays...

^ Oh, on the poorest and the weakest, of course.

Isn't that the only way to do it?

The poor and the weak have much more than they deserve, anyway.

Or, gee, maybe shitcan that stupid ass tax law that caused all of the problems in the first place?

You know...raise taxes to suit the real-world needs of the day?

deedub81says...

^Ha. Sorry. No can do. I DO think that some churches should be removed from their tax exempt status when they've got a wealthy CEO - I mean- preacher/paster/leader paying himself a ridiculous salary.

But, that wouldn't solve the problem. I don't think Gov. Schwarz has many options here. He's already taken other drastic measures up to this point (forced state employees to take unpaid leave) and now it's going to get difficult.

He has to take action NOW before the money disappears completely. Reforming the tax law isn't a feasible short-term solution.

The Government is not immune to this: http://www.videosift.com/video/SNL-Dont-Buy-Stuff-You-Cant-Afford

rottenseedsays...

>> ^deedub81:
^Ha. Sorry. No can do. I DO think that some churches should be removed from their tax exempt status when they've got a wealthy CEO - I mean- preacher/paster/leader paying himself a ridiculous salary.
But, that wouldn't solve the problem. I don't think Gov. Schwarz has many options here. He's already taken other drastic measures up to this point (forced state employees to take unpaid leave) and now it's going to get difficult.
He has to take action NOW before the money disappears completely. Reforming the tax law isn't a feasible short-term solution.
The Government is not immune to this: http://www.videosift.com/video/SNL-Dont-Buy-Stuff-You-Cant-Afford

Being in construction, I feel the effects of the budget cuts on my end. I have from 8am to 11am to drive downtown and turn in permit applications. The city employees go home for the rest of the day. This has part to do with the economy in that with the slowdown of construction, they're seeing less income from permit fees. But a big part of the issue is a blanket budget cut cutting back the employee's hours. Also, pensions are being cut. A lot of employees are retiring because pretty soon the pension laws will be changing, affecting every city employee. Sh*t's a real big mess here. All you can really do his cross your fingers, bury your head, and keep on chuggin.

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