California budget crises Archive

Schwarzenegger Seeks Obama’s Help

[Skip to the end] Still haven’t seen any discussion of a per capita revenue distribution to all the States? $500 per capita would give California maybe $19 billion and be ‘fair’ to all the States. It would also support aggregate demand (spending power) output and employment, which presumably is a national priority? ...Read More

Letter to the Governor of California

[Skip to the end] Letter to the Governor of California Dear Governor Schwarzenegger I note that the State of California is planning to issue IOUs (registered warrants) from tomorrow (July 2) to ease your cash situation in the face of the political dispute you are having over the budget with the Democrats. ...Read More