[quote]He said the state’s economic condition has deteriorated significantly since then, with a cratering stock market and the continued decline of the housing industry.[/quote]
If Schwarzenegger thinks it has deteriorated signaficantly this year, wait till next year. He hasn’t seen anything yet.
What will it be next year… a 12% sales tax and a plea to Feds for a bailout?
There’s a simple solution to all of this. Cut speanding, cut spending, cut spending. But no one is willing to voluntarily to take the medicine. I guess we’ll have to be tied down and have it shoved down our throats. It’s coming.
