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Sacramento Bee's Dan Walters reports on Governor Schwarzenegger's continuing struggle to reform big pensions as the State Legislature prepares the upcoming budget package.
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The California Republican Party held its convention last weekend. While Governor Schwarzenegger was not in attendance, conservative activists expressed their disapproval of his record on taxes. Chairman Ron Nehring declared his strong opposition to new taxes at a Tea Party event, and Congressman Tom McClintock called for the Republican Party to return to its conservative principles.
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The California Republican Party held its convention last weekend, and conservative activists expressed disapproval of Governor Schwarzenegger's performance on taxes. Chairman Ron Nehring announced the CRP's strong opposition to new taxes, and Congressman Tom McClintock called for the Republican Party to return to its conservative principles.
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As the Sacramento Bee reports, Schwarzenegger has declared a "budget emergency" for California. His plan of action includes no tax hikes, but substantial cuts to state employee salaries.
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The San Diego Union Tribune sees little for Californians to be happy about as their governor begins his final 12 months in office. While Schwarzenegger is expected to continue opposing tax increases in 2010, he seems more concerned with ensuring his legacy as a “Green Governor” than as a fiscal reformer.
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The Monterey County Herald discusses Governor Schwarzenegger's upcoming 2010 state address, where he will convey his plan for combating bankruptcy in his final year in office. This article explains how this plan must include a once-and-for all solution to California's out-of-control pension system, if the governor wishes to leave office with a semi-clean reputation.
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The L.A. Times has released a report on Governor Schwarzenegger's final plea for $8 billion dollars in aid from the federal government. He has threaten massive cuts to social programs across the state, including canceling the state's main welfare program. These cuts would come into effect in 2010 if Washington does not respond.
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The LA Times reports that Governor Schwarzenegger has signed the budget plan after making several more cuts to state spending. These cuts were made in attempt to make up the $1.1 billion that were left unaccounted for in the proposed budget deal. Officials remain dubious that this will truly bring California out of debt.
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This article on RealClearPolitics.com asks a series of key questions: What caused California's $24 billion deficit? What has given California the highest sales and gas taxes in the country, the highest vehicle license fees and second-highest top-bracket income tax? The blame should be placed on the politicians: the people who are in charge of California's spending practices and the people who need to start working for Californians and not the other way around. Read more >>
This article illustrates how state employee benefits, such as pension plans, are blatantly exempt from Governor Schwarzenegger’s massive budget cuts. The author argues that it is both just and crucial to cut pension plans as part of the solution to the budget deficit.
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