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Hat tip, The Irish Savant, for bad news: The net closes in Friday January 16 2009
Dr. Norm Matloff writes:
As many of you know, though I'm a lifelong Democrat, I have not been happy with the party's nominees for the presidency in recent elections (nor have I liked the Republicans). And though I was quite pleased that an African-American won the election, and I find Obama to be an inspiring speaker, I don't think his promise for Change will be fulfilled. On the contrary, I'm thinking of the French saying, "The more things change, the more they stay the same."
How buried in debt is California? One article tries to help us imagine what $40 billion means: [How big is California's budget hole? Try these numbers on for size, San Jose Mercury News, Jan 15, 2009].
If Gov. Arnold Schwarzenegger were to fire every employee in state government tomorrow, it would easily patch California's enormous deficit, right? Not even close.
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From:
Bob
Turley: (e-mail him)