CA deficit estimate rises to $20 billion

California

Schwarzenegger has been all over the map in his deficit estimates this month. But after offering vague explanations for the governor's previous calculations, his aides on Tuesday decided to embrace his latest figure: as high as $20.2 billion starting July 1. But Schwarzenegger's rhetorical flourishes aside, one thing is certain: The budget problem is getting far worse – nearly twice the problem he described in January... [snip]

The worsening deficit, McLear said, is "why we need to start working on this now, because every day that goes by that we don't work on this budget, it gets worse"

[it's the spending, stupids. The question is; will we re-elect most of them again?]

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