When one thinks of California, sunshine, beaches, glitz, glamour and money instantly come to mind. Though California may be the 8th largest economy in the world, its unemployment rate has been at its highest point in the past 70 years and the government is issuing many IOU’s. Frantic to pay off their budget deficit, the state is cutting spending in education and health care, and is being forced to lay off an enormous number of workers. The state has kicked tens of thousands of families out of their homes. The "Golden State" is now 24 billion dollars short of balencing their books and within weeks the state may run of out money even to pay for the most basic of bills.
Arnold Schwarzenegger, California’s two-termed governor is now being viewed as a failure and his ratings have sinked very low. His plan to regain lost dollars to to continue cuting government spending, which will cut many programs to the poor. Millions of Californians will lose thier welfare and health care benefits and many prisons will be shut down causing non-violent criminals to be let back onto the streets. We will all have to wait and see if California can pull its self out of their deficit.
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