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Thursday, January 15, 2009

Schwarzenegger: California Faces Insolvency within Weeks

by Calculated Risk on 1/15/2009 01:28:00 PM

UPDATE: from the WSJ: Facing Budget Gap, Schwarzenegger Urges Lawmakers to Bridge Divide

"This disruption has stopped work on levees, schools, roads, everything," Mr. Schwarzenegger plans to say. "It has thrown thousands and thousands of people out of work at a time when our unemployment rate is rising. How could we let something like that happen? I know that everyone in this room wants to hear again the sound of construction. No one wants unemployment checks replacing paychecks."
Headlines (hat tip Brian). Click on headlines for larger image ...