Ho, ho, ho

Who’d have thunk it could happen…
U.S. Posts First Budget Deficit for April Since ‘83


Schwarzenegger Tells Lawmakers Deficit May Swell to $21 Billio: ” […] At a town hall meeting in Culver City yesterday Schwarzenegger said budget cuts he’s considering if the measures fail include cutting the state firefighting budget by 10 percent; releasing 40,0000 non-violent, non-sex offender inmates; laying off either 51,000 teachers or 90,000 janitors, cooks and bus drives; shutting down public schools for 18 days a year or boosting class sizes by 17 percent; and siphoning $2 billion meant for local governments to pay for services such as firefighters and police officers.



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One Response to “Ho, ho, ho”

  1. Pensions « Guido’s temple of the absurd Says:

    […] mentioned here and attested here, in a deflationary recession, pension dues will break the back of governments. However, before that […]

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