Thursday, January 15, 2009

Governor Schwarzenegger State of the State 2009

Governor Arnold Schwarzenegger is preparing to give a speech today. It's the State of the State speech he makes once a year, but this year it's going to be a bit somber. It's his 6th State of the State address, and it comes just about a month before the state of California runs out of money. It seems they will begin to issue IOUs instead of actual cash. They haven't done that since the Great Depression. The Governor has tried to raise taxes, as the budget deficit is $42B (yeah, that's B for Billion), but his fellow Republicans have voted against tax increases. The tax increase wasn't his only plan though. He is forcing government offices to close for 2 days per month, and those workers will basically have 2 days off each month - without pay! He also stopped about $3.8B worth of construction in the state. It's a tough time for California right now. Keep us in your prayers.