CAIVP > arnold
From the Sacremento Bee:
Gov. Arnold Schwarzenegger is in Philadelphia today to meet with other governors and President-elect Barack Obama about the economy.
The top of Schwarzenegger's wish list is more infrastructure spending by the federal government to stimulate California's economy.
Schwarzenegger said that California is on the forefront when it comes to infrastructure. "The people of California and also the legislature have made a commitment in 2006 for $42 billion of infrastructure," said Schwarzenegger. "So we hope that is an inspiration for the federal government and the Obama administration to do the same thing nationwide."
According Schwarzenegger infrastructure investments would create jobs. "With an immediate commitment to national infrastructure investment, it's possible to put shovels in the dirt and start immediately on projects across the nation," said the Governor. "This would quickly start to boost the economy with orders from U.S. factories for steel, cement, asphalt and other materials - creating jobs now and laying the foundation for future economic growth."
Read More...From the LA Times:
Gov. Arnold Schwarzenegger ordered the new Legislature in to work on its first day, declaring a fiscal emergency Monday in response to the state's deteriorating finances and urging lawmakers to "get off of their rigid ideologies."
But even as Schwarzenegger warned that California could run out of cash within two months, there was little indication that the Capitol's partisan gridlock has waned enough to allow for an easy resolution to the state's $28-billion budget gap...
Califonia is facing not only a budget crisis, but a one of the highest jobless rates in the nation. Today, the Governor issued the following statement:
"Our economy continues to be difficult, especially for people who have lost their jobs or who have begun looking for one. As our state unemployment rate rises, my administration continues to work hard to generate jobs and help re-train people who have lost jobs in our hard-hit industries.
"I have urged the Legislature to pass an economic stimulus package that includes workplace reforms to help keep jobs in California and ways to speed up the release of billions of in-the-pipeline infrastructure and construction dollars into our economy; and our increased unemployment rate underscores the need for that package to be passed in the Legislature immediately.
"This week, through my Labor and Workforce Development Agency, I have taken action to pump out $33 million in job training funds directed toward regions of the state hit hardest by our economic downturn and to our military veterans. These grants will provide education, training, and job placement assistance for thousands of Californians.
"I also want to reiterate the need to shore up our state's Unemployment Insurance Fund. We've known for years that changes must be made to the Fund to keep it solvent, and it is unfortunate that now, when we need it most, it is racing toward the red. I have proposed a plan to ensure this important Fund continues to be a safety net for unemployed Californians and for our economy, and I urge the Legislature to pass it.
"I am pleased that, today, President Bush signed an extension of unemployment benefits that my administration had pushed so hard for, so that Californians out of work can continue to receive their benefits through the holiday season."
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In order to generate revenue for our severe budget problem, the Governor is looking to tax some things you might not expect. From Market Watch:
In a recent announcement, Governor Schwarzenegger recommended broadening the Sales and Use Tax to include "luxury" items such as veterinary services, which is sure to cause an increase in animal shelter overpopulation. Animal welfare advocates across the state are joining forces and urging all pet owners to take action and contact the governor and state legislature to stop this tax.
Read the full article Here
As Governor Arnold Schwarzenegger calls for raising taxes to solve our budget mess, a voice in the woods is calling for spending cuts rather than tapping into California's already highly taxed income. From the Sacremento Bee:
Gov. Arnold Schwarzenegger and the Democrats who dominate the California legislature agree the state needs to raise taxes to help stave off billions in budgetary red ink. But the governor faces a roadblock in his own party, Republican Assemblyman Mike Villines.
Mr. Villines (pronounced Vuh-LINES) is leader of the state Assembly's Republican caucus, which, with just 32 of the legislature's 80 members, has little power to set the agenda. Political observers here like to joke that the Republican caucus, along with its counterpart in the Democratic-led state Senate, holds real sway only two times a year -- when the state's budget is being set and during the legislative softball game.
Read the Full Article Here
Read More...SACRAMENTO (AP)- Governor Arnold Schwarzenegger on Thursday proposed a temporary 1.5 percent sales tax increase to deal with California's worsening fiscal crisis, which has created an $11.2 billion deficit in this year's budget.
"We have a dramatic situation here and it takes dramatic solutions ... and immediate action," the governor said as he called the Legislature back into session to deal with the budget shortfall. "We must stop the bleeding."
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