More News
- Page Two
- News Links
Anarchives
Radio/TV
- Declare Your Independence with Ernest Hancock
Letters To Editor
- List of Letters
- Write a Letter
Join Us
Marketplace
- Buy Stuff - Sell Stuff
- Store on CafePress.com
Special Editions
RSS Feeds
About Us
Log-In

Make a Comment • Email Link • Send Letter to Editor

IPFS News Link • Government Debt & Financing

Jerry Brown Says California Budget Deficit May Hit $28 Billion

12-09-2010 • GlobalEconomicAnalysis.blogspot.com

California allegedly "closed" a budget gap of $19 billion this fiscal year and now faces a $28 billion gap next year. However, and as before, Democrats do not want to cut services and Republicans do not want to increase taxes. I have the perfect solution: Let's throw a party and give everyone cookies like president Obama just did, with Republicans tooting their party horns in agreement. Oh wait. I forgot California, unlike the US has to have a balanced budget. In that case, let's rely on the ol' Arnold Schwarzenegger Play, this time on steroids, and "balance" the budget for the next three years by floating $3 trillion in bonds all at once.

Read Full Story

Reported By Jack Gregson

Make a Comment • Email Link • Send Letter to Editor