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schwarzenegger
’California’s fiscal emergency
No sooner has California narrowly survived one fiscal disaster – a short term funding crisis in early October that threatened state default – is it onto its next.
From the Governator:
Now, more than three dozen new legislators are being sworn in today,
The $500bn Schwarzenegger bond issue?
Here’s a test of the depth of the credit markets. In an interview with Reuters, California governor Arnie Schwarzenegger has declared that the state needs $500bn to “rebuild California the way it ought to be.”