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View Full Version : California Seeking Another Fed Govt Bailout




bobbyw24
01-10-2010, 09:33 AM
To those who live in Cali, what is it like there? Extreme wealth and poverty side by side? A dying Middle Class? High tax burden?

Even with austere budget plan, California counts on federal funds

Gov. Schwarzenegger seeks to live up to being "The Collectinator."

By Karl Vick and David Cho
Washington Post Staff Writers
Sunday, January 10, 2010

On Rough & Tumble, a popular California public policy Web site, the lead headline Saturday read: "Arnold to DC: Give Us The Money, Nobody Gets Hurt."

The Golden State is racked with 12.3 percent unemployment and a budget shortfall of $20 billion, and Gov. Arnold Schwarzenegger (R) warned Friday of even deeper cuts to programs without $6.9 billion in new federal funds. In unveiling an austere budget proposal, he went a giant step further with the age-old state gripe about unequal distribution of federal dollars -- actually writing the federal funds in as a budget stopgap.

Some administration officials and lawmakers on Capitol Hill were skeptical that the federal government would provide a bailout to close California's budget gap, partly because it would set off a cascade of demands from other states.

Schwarzenegger is asking Washington to reimburse Medicaid expenses at the national average of 57 cents on the dollar, up from 50 cents (worth $1.8 billion). He is also pleading to make permanent certain federal stimulus outlays set to run out at year's end ($2.1 billion).

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/08/AR2010010803710.html?hpid=moreheadlines

Rekonn
01-10-2010, 10:19 AM
Repeal stupid laws that make drilling for oil and pot illegal and the budget problem is solved. (Until the state spends all that extra revenue and more like it always does)

Offshore lease bill by Chuck Devore (http://chuckdevore.com/news.asp?artid=210)
http://www.taxcannabis.org/

squarepusher
01-10-2010, 10:41 AM
i live in cali, its pretty expensive here rent and such. Jobs have also been hurting. Fortunately we have the nice weather so not many people care.

libertarian4321
01-10-2010, 12:50 PM
Even with austere budget plan, California counts on federal funds

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California has never had an "austere" budget. They simply made the current budget marginally less bloated than they had originally planned.