Ten Second Response: Arnold's Global Warming Scheme May Terminate California Jobs
DATE: June 9, 2005Nov '08: California Budget Deficit Through June of 2010 Projected Now At $28 Billion
BACKGROUND: Vowing to make his state a "leader in the fight against global warming," California Gov. Arnold Schwarzenegger has unveiled a plan certain to warm the hearts of green activists and to send chills down the spines of ordinary hard-working people. Under an executive order signed by the governor on June 1, California is to reduce its greenhouse-gas emissions to 2000 levels by 2010, or by 11 percent below what they would be without the governor's action.
TEN SECOND RESPONSE: Gov. Arnold Schwarzenegger's latest green initiative is likely to make California even more unfriendly to business and new jobs.
The Legislature’s budget analyst issued a report – and a warning – that the state budget deficit will grow to over $28 billion by the end of the 2009-2010 State Budget year if the State fails to take action on addressing increases to revenues and more spending cuts to programs.Governor Schwarzenegger Letter to President-Elect Obama Regarding Federal Economic Stimulus Proposal
As we discussed in Philadelphia last month, we urgently need a broad national economic recovery package to generate jobs and get our economy moving forward again.
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