California is in dire straits. Hoping to find opportunity amidst the angst, Schwarzenegger declares 'day of reckoning'.
Declaring that "California's day of reckoning is here," Gov. Arnold Schwarzenegger said today the state should turn its dire budget straits into an opportunity to make government more efficient.
Speaking to a relatively unusual joint session of the Legislature and other constitutional officers, Schwarzenegger acknowledged the billions of dollars in spending cuts he has proposed to close a $24.3 billion hole in the budget will be devastating to millions of Californians.
"People come up to me all the time, pleading 'governor, please don't cut my program,'" he said. "They tell me how the cuts will affect them and their loved ones. I see the pain in their eyes and hear the fear in their voice. It's an awful feeling. But we have no choice.
Declaring that "California's day of reckoning is here," Gov. Arnold Schwarzenegger said today the state should turn its dire budget straits into an opportunity to make government more efficient.
Speaking to a relatively unusual joint session of the Legislature and other constitutional officers, Schwarzenegger acknowledged the billions of dollars in spending cuts he has proposed to close a $24.3 billion hole in the budget will be devastating to millions of Californians.
"People come up to me all the time, pleading 'governor, please don't cut my program,'" he said. "They tell me how the cuts will affect them and their loved ones. I see the pain in their eyes and hear the fear in their voice. It's an awful feeling. But we have no choice.
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Meanwhile in Russia unemployed workers are blocking a major roadway in St. Petersburg. In Canada the TD Bank is projecting a $170 billion federal shortfall. And the fallout from GM's bankruptcy has barely started. And the public's apparent reaction? The stock market soars. Peacenik said it before, the collapse of California is a preview for the rest of North America and the world.
Education? Forgeddaboutit. Health care? Forgeddaboutit. Retirement? Forgeddaboutit. The Environment? Forgeddaboutit. What will it take to wake the sheeple up? How about no food on the table or no gas at the gas station. What does Jim Cramer think? Last night he said that we are in a new bull market. That all is well. That's comforting.
Education? Forgeddaboutit. Health care? Forgeddaboutit. Retirement? Forgeddaboutit. The Environment? Forgeddaboutit. What will it take to wake the sheeple up? How about no food on the table or no gas at the gas station. What does Jim Cramer think? Last night he said that we are in a new bull market. That all is well. That's comforting.
