Wednesday, December 26, 2007

From bad to worse for deficit

California

Gov. Arnold Schwarzenegger's finance officials are estimating a California budget deficit next year of $14 billion, significantly larger than the $6.8 billion gap previously forecast by a state budget analyst, according to two sources who have spoken to the governor. The growing estimate increases pressure on Schwarzenegger and lawmakers to cut spending, increase taxes and possibly sell off public assets to close the budget hole.

[All the while continuing to pursue taxpayer funded 'free' health care.]

http://www.sacbee.com/111/story/560995.html

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