California could be flat broke in two months

I'm sure Schwarzenegger will want a govt. bail-out too. The USA is in trouble because of the govt. and crooks like Madoff spending our money and not being responsible. Just a few months ago, if you'll remember, Bush said everything was great and we weren't in a recession, ecomonically stable was his words. I believe they are a bunch of errant thrieves, Bush and Cheney included. But, you know, I really feel so sorry for all those rich people in CA.... maybe the Schwarzenegger's, Kennedy's, and all the rest of their rich friends can pool their monies togather and help! Remember Carolyn Kennedy wants to be a Sentor but doesn't want to give a finiancial statement of her wealth. Whata you think?

Accountability

Cali,

You should've gone with the porno chick.

Much love,

Bansheewail

nice cool video.For more log onto www.uploaded.tv

OMG this country is going to the crapper.... our most prestigous and famous cities are in california and thats where all the celebrities live and everything and now its broke

Oi vay!!! I live here in SoCal this makes me wonder how the hell did we get ourselves into this predicament and is this a sign for things to come for others outside of California... I'm thinking YES!

Peace,

~ Mind Control

I knew something was not right, otherwise why would Hollywood build a studio here in Massachusetts? I feel sad for all those Malibu poor rich people.

Fantastik!
Ill be broke!
Get out !

And THEN what happens?

Thanks America. You've screwed up our country for the last time, California is out of here.

and marijuana remains the states #1 cash crop...we would rather get high than eat, or get high then eat...

who would have thought one of the most liberal states in the union has spent all of its money.

gots to be more careful.

California: Full of celebrities, sunlight, and dumb people.

I'm moving to Washington as soon as possible.

Arnold is a political centrist (you have to be in California), so his position is "one hand giveth while the other taketh away" regardless of which side your on.

And they had a recall election cause Gray Davis had fiscal problems. He looks pretty good right now Arnie. How about a blockbuster Movie to help pay the debt instead of hiking all the fees the taxpayers will be paying.

"The thaw didn't last long, as legislative leaders later in the day criticized Schwarzenegger and indicated their work was done until the start of the new year."

We have a serious financial problem and your done for the year? Really? I don't care if you take Christmas day off, but If the state is facing a giant crisis like this you have to work through your normal Christmas break to solve the problem. Ugh politicians.

How about him and his little buddies don't take a paycheck for the following months? That would be a great start for California's savings plan.

Step 1; Turn away all illegal aliens at hospital emergency rooms. Sorry, but that's the cold hard truth.

looks like it's time for capitalism to save the day while govt cuts back.

Let's hope Arnie can turn this around soon enough.

Oh, come on, people of California: To quote Arnold's 2004 RNC speech, "Don't be economic girlie men!"

arnold....

letuspaytaxes.com

you know you wanna....

California isn't the first and last state to face this reality. I as a California resident say this is well deserved. While we're expanding our magical "405" freeway other states are increasing fees on their "transit" lines to make ends meet. Sorry but the state doesn't know what to do with money even when it has it, we could've invested in a modern infrastructure ages before I was even born, but in true fashion the state opted for a short sighted plan based on cars, which is based on consumers, which is based on consumers having money/jobs. Wow ingenious....

On a further side note/fun fact. Did you know that Los Angeles on average only has enough food reserves to feed the city for two weeks? That means if our food supply were cutoff it'd be two weeks before the city starved. Not very related but interesting anyway.

Well happy holidays, christmas, Hanukkah, ramadan, or observation of the earths rotation. I dunno just enjoy.

"There is a difference between conservative economic principles and the stance of today's Republican party. "

GOP economics are just variations on Adam Smith. Supply-side economics was, charitably, a misinterpretation of Smith. Less charitably it was, as Reagan's own budget director, David Stockman, called it: a trojan horse. I call it an outright fraud.

At about the same time, many GOPPERS were enamored of Milton Friedman's 'monetarism' --another discredited econoimc THEORY!

Basically, the GOP will do whatever it takes to enrich its base. The verifiable fact that since Ronald Reagan assumed the White House, wealth has NOT trickled down but has --by way of various tax cuts --FLOWED UPWARD. Official stats --Bureau of Labors Stats, Census Bureau, Department of Commerce - BEA ---all bear me out. As a result of GOP economics, a mere ONE PERCENT of the US population owns MORE than 90 percent of the population combined.

By whatever label or methodology, that was the GOP goal and they achieved it.

At last, nothing said by a GOP politician with regard to the economy can be believed. Most politicians will tell you whatever you want to hear. Republicans want to hear fairy tales and they get them.

And there is no use telling me that the Democrats are just as bad! If they had been, as many GOPPER politicians would have been assassinated, as many GOPPER politicians would have been targeted for smear jobs, as many GOPPER politicians would have been PLANE CRASHED!

The recent plane crash death is interesting in that it was a GOPPER --a gopper who knew too much about Bush!

There is a difference between conservative economic principles and the stance of today's Republican party. However, I've heard nothing but good things from Californians about Arnold, and I would not blame the current crisis their on him. I'm sure they weren't expecting to have to pay the billions in development of medical facilities for their prisons. The grey line between private and public is perfectly captured in these industrial complexes (military-industrial, prison-industrial, etc.). Also, a great deal of the housing markets collapse can directly be attributed to legislation drawn up by Democrats in the 1990s so...

First the Banks, then the automakers now whole States, where do the bailouts stop?? How many Democrats are CEO's of the car companies?? How many Democrats are investment bankers? How many Democrats run hedge funds?? How many Democrats are standing around with their hands out for billions of Taxpayer dollars?? The world is upside-down. Black is white. Forget what you know about politics and start over. These Republicans are the most liberal leaders the USA has ever know. But, keep in mind, they are only liberal when YOUR MONEY is involved.

Ouch!

GOP economics is the REAL terminator.

The GOP reputation for economic expertise is at best a fairy tale, at worst a bald-faced lie.

Can we now put to rest the idea that the GOP knows the first F____thing about economics?

WTF, Arnold??