Monday, February 23, 2009

California and a Quick Comeback?

From reading this article, I believe that California will not be able to make a quick comeback and it is going to take a lot of work and cooperation from our government and its people to make it happen. The writer believes that California needs to have new government officials. He believes that our governor now is doing nothing to save our state. He believes that our government right now cannot make the right decisions to have Cailfornia survive this recession and that we need a government that can make the right decisions for our state. I agree fully because the unemployment rate is only going rise and many people are not going to have jobs, hospitals are losing money, schools are getting budget cuts and our state's budget is decreasing. I believe and agree fully to this writers acknowledgments.

Thursday, February 19, 2009

State Budget Passed

The State could not come up with a 2/3 approval for the budget but with a little compromising to get a Republican to vote, they had to eliminate a .12 cent gasoline tax increase, also small businesses will be given tax breaks, as will some parts of the movie industry. The budget contains $15 billion in spending cuts, $12.8 billion in temporary tax increases, $11.4 billion in new borrowing, and the creation of a $1 billion reserve fund.