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California Budget

Arnold's Cuts Would Make California "Unrecognizable," Nearly All Target Poor Residents

nytimes.com | JENNIFER STEINHAUER | Posted 05.25.2011 | Politics

In a special election on May 19, voters rejected a batch of measures on increasing taxes, borrowing funds and reapportioning state money that were des...

But Governor, You Can Create Money! Just Form Your Own Bank

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

An injection of new money from a system of publicly-owned banks on the model of the Bank of North Dakota could thaw the credit freeze and bring spring to California's markets once again.

Krugman: California Ruined By GOP, Rest Of Nation May Follow

New York Times | PAUL KRUGMAN | Posted 05.25.2011 | Politics

California, it has long been claimed, is where the future happens first. But is that still true? If it is, God help America. The recession has hit ...

Obama To California: We Can't Bail You Out

Los Angeles Times | Peter Nicholas and Richard Simon | Posted 05.25.2011 | Politics

California needs to solve its financial crisis by itself and should not expect an emergency bailout from the White House, an array of Obama administra...

California Voters Don't Want Dire Cuts; They Want Leaders to Get It Right

Phil Angelides | Posted 05.25.2011 | Politics
Phil Angelides

Before the governor and the Legislature take a meat ax to the budget, they should take a breath, accept responsibility for the voters' judgment and try to get it right this time.

The Voters Set the Democrats Free; Will They Act Like It?

George Lakoff | Posted 05.25.2011 | Politics
George Lakoff

California voters have rejected the nonfunctional minority-rule government that has bankrupted the state, along with the governor who led the state into bankruptcy. The voters want a functional democracy.

Moving Forward in Califorina

Karen Bass | Posted 05.25.2011 | Politics
Karen Bass

The California budget approved last week by the legislature and signed by the governor is tough medicine and hard to swallow. But with our state on the edge of a fiscal cliff, it had to be done.

California Nightmare: Major Budget Cuts Ahead To Roads, Parks, Schools Under

Wall Street Journal | JIM CARLTON and BOBBY WHITE | Posted 05.25.2011 | Politics

As Sacramento squabbles over the state's $42 billion deficit, Californians are getting a bitter taste of what's to come after the steep budget cuts th...

California May Run Out Of Cash In February

Reuters | Jim Christie | Posted 05.25.2011 | Business

California is on track to run out of cash in February or March and faces a $15 billion cash shortage by the end of its fiscal year in June unless offi...