LA Times: Schwarzenegger takes step toward carrying out budget threat

[marmar]

Schwarzenegger takes step toward carrying out budget threat
The governor revokes the controller's authority to take out a high-interest emergency loan to keep the state running should talks fail. Democrats denounce his rhetoric.

By Shane Goldmacher
June 12, 2009


Reporting from Sacramento -- Gov. Arnold Schwarzenegger on Thursday followed up on his threat to block a high-interest loan that could be needed to keep California government running if he and state lawmakers fail to balance the budget soon.

The governor revoked the state controller's authority to take out such an emergency loan, a day after saying he was willing to bring state government to a "grinding halt" should budget talks stall. A loan would cost too much, he said, and give lawmakers an excuse to procrastinate.

"What we need to do is just to basically cut off all the funding and just let them have a taste of what it is like when the state comes to a shutdown -- grinding halt," Schwarzenegger told The Times' editorial board Wednesday.

Controller John Chiang said this week that California government faces a "meltdown," with the treasury set to empty by late July unless the projected $24-billion budget shortfall is resolved quickly. Lawmakers believe they must act by July 1 to keep funds flowing.

Legislative Democrats reacted angrily Thursday to Schwarzenegger's statements. .........(more)

The complete piece is at: http://www.latimes.com/news/local/la-me-arnold-budget12-2009jun12,0,5134908.story

[Kajsa]

1. Arnold, your attention please!

"Senate Democrats have countered with a sketch of budget revisions that would save
those services by using most of Schwarzenegger's proposed $4.5-billion rainy-day fund."

That "rainy day" is HERE, NOW!!

DO IT!!

Can we recall Ahnuld right friggin NOW?!?

He cannot do the job.


:(

[Kerrytravelers]

2. This man has absolutely no experience for a position like this.

He jumped from terrible actor to Governor of California running the seventh largest economy in the world. And look where we are.

Unbelievable. No wonder people are leaving by the masses. Mr. kt and I aren't sure how much longer we'll be here.

[Kajsa]

3. I'm with you, Kerrytravelers!

I've lived in CA most of my life.

Never, EVER, have I seen our state in such
a mess.

This man has no CLUE how to deal with it,either.

Gawd- I miss Jerry Brown, AND his dad Pat,

both former Governor Browns!

:(

[cagesoulman]

4. RE-CALL

Right Fucking Now!

[Kajsa]

5. Agree 100%

Welcome to DU!

:hi:

[cagesoulman]

6. Thanks.

The governator is a piece of crap. The one immigrant I think SHOULD be deported for the good of the country. Lou Dobbs, where the FUCK are you????