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"Armageddon" ??? I he finished building SKY NET???

California did it to itself, what a mess. They have all kinds of wacky environmental regs that just kill the economy, and pension deals that bankrupt entire towns. No other state should have to bail them out. Let all the rich liberal movie and rock stars pull the wagon.

In Liberal-speak, "negotiate" means conservatives and Republican (Arnie is a RINO) give in to Democrat demands.

But, hasn't Cullyfornyuh been following the time-proven economic model of high taxes, infrastructure and technology research investment that President Hussein says will create millions of jobs?

soooooooo glad to be out of californistan.

looks like time to buy gold and silver (again)

I hate to say this, but this is stacking up to a Jimmy Carter hyper-inflation in the dollar just a short distance down the road. With everything else added I am beginning to smell Stagflation. God help us if it is.

As a Californian, I've been watching this develop. The basic problem is gerrymandering of legislative districts means that special needs Democrats effectively cannot be turned out of office, and they are blocking any efforts to deal effectively with the problems they and Gray Davis created.

Arnold's not perfect, but he's stuck with an intrasigent legislature, so there's not much he can do.

1. Deport the illegal aliens
2. Remove welfare benefits from all able bodied Americans
3. Give them the jobs previously occupied by the illegals
4. Remove most environmental regulations on businesses
5. Cut taxes for those who actually pay taxes
6. Bust the unions
7. No bailouts

And that's how you solve our financial problem.

Kristy, great plan. Too bad it would destroy everything the Demmies worked for. Hence, why it won't be implemented and why the tax payer gets the bill.

When, Oh WHEN is that friggin place gonna fall off into the ocean!!!

"The basic problem is gerrymandering of legislative districts means that special needs Democrats effectively cannot be turned out of office, and they are blocking any efforts to deal effectively with the problems they and Gray Davis created."

Definitely.

Do you think Prop 11 (the one regarding redistricting) will in any way solve this?

sgynet hass begumm selv-avare! ve hafv onlee minutes doo lifv! qvick now: maygke dose checks payable doo der sdate ofv galliforrnia, und get dem in der mail bevore itz doo late!

I would have called it "Financial Termination," personally.

Massachusetts has enacted a bunch of big-government reforms, notably healthcare, and it is deep in the red. Wisconsin has some of the highest taxes in the nation (trust me on this) and (not coincidentally) one of the most liberal state governments, and tons of regulations and feel-good programs, and is deep in the red. Cal-ee-for-nee-ya has implemented an even bigger bunch of nanny-state initiatives, and it is even deeper in the red. Gee, do you think maybe a lack of financial discipline has anything to so with it?

Put another way, there exists few problems in governance that can't be solved by firing a few bureaucrats. The state is about to be short $5 million this year? Assuming the average make-work job in government pays $50K a year (and this is probably low), fire 100 bureaucrats. Going to fall short by $20 million? That's 400 bureaucrats. And if you can rid yourself of more expensive bureaucrats, like the "alternative energy and environmental directors" or other such crap many governments have, you get even more bang for your slash-and-burn buck. California's projected $14.8 billion-with-a-b deficit? 296,000 bureaucrats by my $50K estimate. California being more expensive than other places, raising the average bureaucrat cost to $75,000 means axing 197,334 do-nothing produce-nothing "workers" from the state payroll.

Of course, even at that California is still screwed, since the productive people and businesses that can move either have or are moving out of state. How's that carbon cap working out for you there, Arnie?

I urge the Republicans in California to show some spine and stick to their guns. Planning more taxes and more spending in their current situation just stupid, and since the Dems can't show any more discipline than that, then the Republicans need to.

Gee, Ah-nald -- why don't you do what you promised to do, and be what you promised the voters you would be upon your election to replace Gray Davis (who's looking better and better every day, there, Jerkinator!)? Pandering to every special interest, listening to Liberals (a certain recipe for disaster), buying into the AGW garbage (you do know it's getting colder out there, don't you, Ah-nald?), unceasing tax increases (not coincidentally driving productive people out of the state as fast as they can run), and unrestricted illegal immigration (I know, you call 'em "guest workers," you idiot, but I don't), on and on, ad nauseum.

Save us from the RINO's, Lord, before they and their soul brothers in the Dhimmicrat Party bring us all down to the lowest level of Hell! They call it "Kal-e-fore-nyah" these days . . .

Its the fualt of the tax and spend liberals

"When, Oh WHEN is that friggin place gonna fall off into the ocean!!!"
Hopefully just after New Jersey does, Eric.