California Faces its Day of Fiscal Reckoning
http://www.msnbc.msn.com/id/30893006/
California’s day of fiscal reckoning has arrived. When everyone it seems, is having to cutback in the world because of what seems to be a global recession, California seems to be beyond just a cutback. California is looking at a $24 billion dollar budget deficit, which is more than one quarter of the states general fund.
The governator, Arnold Schwarzenegger has said that he intends to close the gap by drastic spending cuts. I think when this starts and I question whether it will, I think that the pushing and shoving may get so out of hand that it will make the gay marriage issue seem like a school yard scuffle.
The article goes on to say that the problem exists because California has been over spending and living beyond its means. That has to be the understatement of the year. The article is complete with a statement that Arnold took over a mess from the previous administration. (Where have we heard that?) It also says that he promised to clean up the mess by eliminating wasteful spending. (We’ve heard that before too!)
I have been saying for years that we are all going to have to suffer in order to clean this mess up. We don’t want to hear this but we are all going to have to adjust our lifestyles in order to save our country. And if we do nothing, which seems to be a trend of our elected officials we will all be forced into facing and dealing with many years of a much worse situation.
Joe Stanley
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