Schwarzenegger declares California fiscal emergency

Jason PJason P Posts: 19,158
edited July 2010 in A Moving Train
My old Governator has declared California a state-of-emergency on the fiscal budget. They currently face a $19 billion shortfall and I.O.U.s will need to be distributed again.

Schwarzenegger has said he will only sign a budget agreement if it includes an overhaul of the state's public pension system, which includes the California Public Employees' Retirement System, the biggest U.S. public pension fund, which he says poses one of California's greatest financial challenges going forward.

With all the problems the auto industry has had with pensions, isn't it about time to end this practice? At least w/ 401K, it is an optional plan. But that would mean less cash for the Unions to manage so I don't see a compromise coming soon.

http://news.yahoo.com/s/nm/20100728/pl_nm/us_economy_california;_ylt=AstJ3_aSwhkuxOmG1GmM6Xas0NUE;_ylu=X3oDMTNwZjNiODVpBGFzc2V0A25tLzIwMTAwNzI4L3VzX2Vjb25vbXlfY2FsaWZvcm5pYQRjY29kZQNtb3N0cG9wdWxhcgRjcG9zAzUEcG9zAzIEcHQDaG9tZV9jb2tlBHNlYwN5bl9oZWFkbGluZV9saXN0BHNsawNzY2h3YXJ6ZW5lZ2c-
Be Excellent To Each Other
Party On, Dudes!
Post edited by Unknown User on

Comments

  • FiveB247xFiveB247x Posts: 2,330
    They'll be back :D
    CONservative governMENt

    Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy. - Louis Brandeis
  • pandorapandora Posts: 21,855
    this thread is useless without pictures ;)fe696p2.jpg love me some Arnold
  • Jason PJason P Posts: 19,158
    This is the fiscal recovery team that he has assembled.

    1987_predator_001.jpg
    Be Excellent To Each Other
    Party On, Dudes!
  • pandorapandora Posts: 21,855
    Jason P wrote:
    This is the fiscal recovery team that he has assembled.

    1987_predator_001.jpg
    perfect, maybe they can get something done for a change ;)
  • blackredyellowblackredyellow Posts: 5,889
    Jason P wrote:
    This is the fiscal recovery team that he has assembled.

    1987_predator_001.jpg

    crap... all of that shooting and blowing things up, is bound to start a forest fire...
    My whole life
    was like a picture
    of a sunny day
    “We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
    ― Abraham Lincoln
  • polaris_xpolaris_x Posts: 13,559
    Jason P wrote:
    This is the fiscal recovery team that he has assembled.

    1987_predator_001.jpg

    everyone of those guys died except for arnie ... probably not a good team to assemble for this job ...
  • mikepegg44mikepegg44 Posts: 3,353
    Jason P wrote:
    This is the fiscal recovery team that he has assembled.

    1987_predator_001.jpg



    "this stuff will make you a god damn sexual tyranosaurus. Just like me"

    might be my favorite movie to quote of all time.
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • sweet adelinesweet adeline Posts: 2,191
    Jason P wrote:
    This is the fiscal recovery team that he has assembled.

    1987_predator_001.jpg

    "turn around, turn around...ha ha ha ha ha!"
  • Nothingman54Nothingman54 Posts: 2,251
    1721e6e9.jpg
    I'll be back
  • pandorapandora Posts: 21,855
    yes more pics please :D
  • LizardLizard So Cal Posts: 12,091
    Ok but remember, you asked for it...

    arnold2.jpg
    So I'll just lie down and wait for the dream
    Where I'm not ugly and you're lookin' at me
  • pandorapandora Posts: 21,855
    Lizard wrote:
    Ok but remember, you asked for it...

    arnold2.jpg
    :lol: I saw that on photobucket alongside his macho young self, I still love him, he is my hero and my peer!!!!
  • LizardLizard So Cal Posts: 12,091
    Hero??!!!
    Well he's not a hero in Caleee-forn-ya!!
    So I'll just lie down and wait for the dream
    Where I'm not ugly and you're lookin' at me
  • pandorapandora Posts: 21,855
    Lizard wrote:
    Hero??!!!
    Well he's not a hero in Caleee-forn-ya!!
    :lol:
    I'd take him over who's running Georgia, it could always be worse ;) I just want to see more movies
  • normnorm Posts: 31,146
    pandora wrote:
    I just want to see more movies

    so do the citizens of california ;)
  • pandorapandora Posts: 21,855
    norm wrote:
    pandora wrote:
    I just want to see more movies

    so do the citizens of california ;)
    :lol: gotcha!
  • normnorm Posts: 31,146
    OnTheEdge wrote:


    Schwarzenegger is the governor of California not the mayor of bell, California
  • OnTheEdgeOnTheEdge Posts: 1,300
    norm wrote:
    OnTheEdge wrote:


    Schwarzenegger is the governor of California not the mayor of bell, California


    What's ur point? It's still CA isn't it?

    By the way....I really dig your location :thumbup:
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