Schwarzenegger declares budget emergency, proposes deep cuts - Latest News - sacbee.com: "Gov. Arnold Schwarzenegger unveiled an $82.9 billion state spending plan today that calls for no tax hikes but envisions pay cuts for state workers, reductions in services to California's neediest residents - and on the benevolence of the federal government.
The governor also declared yet another fiscal emergency, and called for yet another special session of the Legislature, designed to keep a projected $19.9 billion budget deficit from growing by another $2.4 billion.
'We must begin our work immediately,' Schwarzenegger said in his message to legislators. 'If we fail to take action in the special session that I have called, our problem will only grow, and the decisions that will be required to make up for lost savings will grow even more difficult than those now before us.'"
Billionaires Are Running Our Country, Says German Data Firm
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The German data company Datapulse released a report showing the vast and
growing power of billionaires in the U.S. The report confirms your and my
suspicio...
1 hour ago