Notice what Reuters and the other Democrats consider a "meltdown" and/or a "disaster":
They might actually have to start paying government officials less! Or even fire some of them!
Oh, the horror............
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California nears financial meltdown as revs tumble | Reuters
California nears financial "meltdown" as revs tumble
Wed Jun 10, 2009 7:31pm EDT
By Jim Christie
SAN FRANCISCO (Reuters) - California's government risks a financial "meltdown" within 50 days in light of its weakening May revenues unless Governor Arnold Schwarzenegger and lawmakers quickly plug a $24.3 billion budget gap, the state's controller said on Wednesday.
Underscoring the severity of California's cash crisis, Controller John Chiang, who has previously warned the state's government risks running out of cash without a budget deal, said revenues in May fell by $1.14 billon, or 17.7 percent, from a year earlier.
Additionally, the revenues of the government of the most populous U.S. state fell short of estimates in Schwarzenegger's budget plan by $827 million, Chiang said.
He warned California's state government is speeding toward a financial disaster unless officials act urgently to balance its books.
(Full text of the article can be read at the above URL)
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