asur
Well-Known Member
- Joined
- Feb 3, 2008
- Messages
- 1,100
Liberals and Obama have run a great state into the dirt.
The state began issuing IOUs to thousands of vendors as a cash-saving move. State workers also have begun taking three days off a month without pay, cutting the salaries of more than 200,000 government employees by 14 percent. (GOOD!)
Personal income taxes declined 34 percent during the first five months of the year, a slide that has accelerated as the recession continues to strangle California's economy. (EXCELLENT!)
On Friday, the state controller's office reported the state had spent $10.4 billion more than it collected in the fiscal year that ended June 30. It is now without sufficient cash to cover all of its payment obligations. (DEMOCRATIC!)
If the budget isn't balanced by late August, the state will have to defer payments to its pension funds and may issue IOUs instead of paychecks to state employees. (CHANGE!)
Now the pensions are in peril.
Other states are soon to follow.
It's called CHANGE!
The state began issuing IOUs to thousands of vendors as a cash-saving move. State workers also have begun taking three days off a month without pay, cutting the salaries of more than 200,000 government employees by 14 percent. (GOOD!)
Personal income taxes declined 34 percent during the first five months of the year, a slide that has accelerated as the recession continues to strangle California's economy. (EXCELLENT!)
On Friday, the state controller's office reported the state had spent $10.4 billion more than it collected in the fiscal year that ended June 30. It is now without sufficient cash to cover all of its payment obligations. (DEMOCRATIC!)
If the budget isn't balanced by late August, the state will have to defer payments to its pension funds and may issue IOUs instead of paychecks to state employees. (CHANGE!)
Now the pensions are in peril.
Other states are soon to follow.
It's called CHANGE!