Ho, ho, ho

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

http://www.bloomberg.com/apps/news?pid=20601110&sid=aFDYi2PU56a8

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.

http://www.bloomberg.com/apps/news?pid=20601110&sid=aN0teSUBHk5k

Advertisements

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,

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 […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: