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Schwarzenegger Declares Fiscal Emergency in California

by Karl Gotthardt - albertacowpoke | July 1, 2009 at 05:34 pm

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The California Legislature introduced a budget in February but as of deadline time at midnight June 30th, the Democratic House and Senate was unable to resolve a $24.3 Billion budget deficit.

This has prompted Governor Schwarzenegger to declare a fiscal emergency to force lawmakers into a special session. Essentially it means that they must resolve the budget before they can deal with any other State business. They have 45 days to resolve the issue.

Schwarzenegger also signed an Executive Order that mandates state worker to take a third unpaid day off.

There is also a proposal to cut public service workers' salary by 5%

"Though the legislature failed to solve our budget problem yesterday, rest assured that solving the entire deficit remains my first and only priority, and I will not rest until we get it done. I will not be a part of pushing this crisis down the road — the road stops here," Schwarzenegger said in a statement.

The IOUs aren't in the mail but they are soon likely after California political leaders failed to reach a last-minute deal on fixing a $24.3 billion budget deficit Tuesday night.

Gov. Arnold Schwarzenegger on Wednesday declared a fiscal emergency to force lawmakers into a special session.

"Though the legislature failed to solve our budget problem yesterday, rest assured that solving the entire deficit remains my first and only priority, and I will not rest until we get it done. I will not be a part of pushing this crisis down the road — the road stops here," Schwarzenegger said in a statement.

The governor's declaration under Proposition 58 requires lawmakers to adopt a plan to close the deficit within 45 days.

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Roy C

at 22:26 on July 1st, 2009

There is a lack of will, and it comes out of a lack of vision of how to proceed. The lack of vision comes from a spirit pre-occupied by a prior view of a situation that excludes what it actually has to see, must see, to solve the problem. Instead, this complex sees the solution itself as the problem.

What this leads me to say is that the state of California, the Baby Boomers and the Generation X-ers, all share a set of follies, a kind of possession, that is a step after the pride that "goeth before the fall". They see the fall coming and refuse to believe it.

If this were AA, then we would have to say that Californians, the elite, at least, had to hit "rock bottom" in order to be forced to surrender and come to terms with what was rather than what they thought should be.

What you are watching is an exorcism brought about by a confrontation with reality, and the California elites are about to lose, lose big, lose face and lose hope, until the last shreads of illusion and what should be gets turned into what has to be.

Then and only then will solutions begin.