Don’t to come to us for extra help. That was the message. And you know something? I appreciate that when you hear that from the people. It gives us a chance to go and adjust, and say ‘OK, we went in the wrong direction.’
California governor Arnold Schwartzenegger • Who faces a really crappy lame duck session in office after the people voted against his referendum to help pay for the massive deficit the state is facing. Sucks to be him, big time. • source
There was all the talk at the time about how the stimulus package wasn’t big enough, and that is true here. It’s barely letting us keep our noses above water.
Bill Lyne • Faculty union president of Western Washington University in Bellhingham, Wash. His school is bracing for 400 layoffs of staff members and adjunct faculty – just one example of how the $135 billion to limit layoffs as part of the $787 billion stimulus package is running headfirst into the reality that the states just aren’t making enough in tax revenue. • source
Cutting the deficit Obama, who just signed a massive stimulus bill into law, then went to Canada to, uh, celebrate, spoke in his weekly radio address about the need to cut the deficit by the time his four-year term ends. With the extra spending, he’ll have his work cut out for him. But hey, that’s why we elected him to office, right – that whole change thing? source
Cutting the deficit Obama, who just signed a massive stimulus bill into law, then went to Canada to, uh, celebrate, spoke in his weekly radio address about the need to cut the deficit by the time his four-year term ends. With the extra spending, he’ll have his work cut out for him. But hey, that’s why we elected him to office, right – that whole change thing?
Already on the table He didn’t exactly come to office with a clean slate deficit-wise. He came in with a deficit of $1.2 trillion left by that Bush guy, which should probably rise to $1.5 trillion by the time all his stimulus stuff hits. In other words, imagine one of Scrooge McDuck’s giant money bins. Then imagine it empty. Then imagine jumping into it. source
Cutting the deficit Obama, who just signed a massive stimulus bill into law, then went to Canada to, uh, celebrate, spoke in his weekly radio address about the need to cut the deficit by the time his four-year term ends. With the extra spending, he’ll have his work cut out for him. But hey, that’s why we elected him to office, right – that whole change thing?
Already on the table He didn’t exactly come to office with a clean slate deficit-wise. He came in with a deficit of $1.2 trillion left by that Bush guy, which should probably rise to $1.5 trillion by the time all his stimulus stuff hits. In other words, imagine one of Scrooge McDuck’s giant money bins. Then imagine it empty. Then imagine jumping into it.
How he plans to do it Among other things, he’s suggested taxing the he investment income of hedge fund and private equity partners at higher rates. Currently, they’re taxed at the capital gains rate, which is 15 percent at most. He wants to tax them at ordinary income tax rates of as high as 39 percent. Which probably won’t make Rick Santelli happy. source
Many, many problems California can’t get a state budget passed, they have a deficit of $41 billion, their governor is a former actor who doesn’t have any support in the state legislature, they’re laying off a bunch of people, and they have the worst credit of any state in the nation. Should we go on, guys? source
Many, many problems California can’t get a state budget passed, they have a deficit of $41 billion, their governor is a former actor who doesn’t have any support in the state legislature, they’re laying off a bunch of people, and they have the worst credit of any state in the nation. Should we go on, guys?
The budget crisis The California state legislature has been going at their budget for days, attempting to get a bill onto to Arnold Schwarzenegger’s desk. They keep getting distracted – today, they randomly honored Hudson Bay hero pilot Chesley Sullenberger. Um, can’t Sully wait for a couple days? source
Many, many problems California can’t get a state budget passed, they have a deficit of $41 billion, their governor is a former actor who doesn’t have any support in the state legislature, they’re laying off a bunch of people, and they have the worst credit of any state in the nation. Should we go on, guys?
The budget crisis The California state legislature has been going at their budget for days, attempting to get a bill onto to Arnold Schwarzenegger’s desk. They keep getting distracted – today, they randomly honored Hudson Bay hero pilot Chesley Sullenberger. Um, can’t Sully wait for a couple days?
And one jerk … … is trying to attach a bunch of unrelated junk to the budget bill, which is making things even more complicated than they already are. Republican State Senator Abel Maldonado is pushing for an open primary system, which Democrats don’t like. Dude, your economy’s about to implode! source