Editor's notes: some thoughts -- Arnold and the California Congress have no idea, after 3 years of record deficits, what to do. They are facing another $21 billion deficit and have realized that part of their problem is the Federal Government. Mandates. And it is only going to get worse. What happens to those draconian Medicare cuts the Feds are proposing to balance the health care expenditure? Why, the state(s) will have to pick up the slack and supply whatever services are cut by the Feds. For the time being, however, Arnold has become quite the beggar. He serves as Governor for a dollar a year and does not live in the State Mansion. And now he dones sunglasses and brass cup and stands on the porch to the Whilte House hoping to get some of that change Obama has been talking about._______________________
Dec. 24 (Bloomberg) -- California Governor Arnold Schwarzenegger, anticipating a $21 billion state budget deficit, plans to ask President Barack Obama to ease mandates and minimums on social programs to save as much as $8 billion.
The Republican governor plans to seek the relief, according to a California official who asked not to be identified because details haven’t been resolved. Instead of seeking one-time stimulus money or a bailout, the most-populous U.S. state wants the federal government to reduce mandates and waive rules stipulating expenditures on programs such as indigent health care, the official said.
California is among states most affected by the economic recession. It has the lowest credit rating and recorded the nation’s second-highest rate of home foreclosures, trailing only Nevada. Unemployment peaked at 12.5 percent in October amid the loss of 687,700 jobs from the year before, when the jobless figure was 8 percent. Wealth declined as the stock market lost 40 percent of its value in 2008.
draconian cuts, Schwarzenegger, federal mandates, 21 billion in deficit, change,
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