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Home / CA: State Leaders – Federal Stimulus Plan Won’t Solve Deficit CrisisCA: State Leaders – Federal Stimulus Plan Won’t Solve Deficit Crisis
Last Updated on Wednesday, 28 January 2009 11:48 Written by rslcpol Wednesday, 28 January 2009 11:48
From the Sacramento Bee:
It still doesn’t know how much money is coming this way. And the one-time cash infusion can’t be applied for permanent costs, ones beyond 2010.
“You only can set off anything if you know that you get it permanently, because otherwise it has no effect on the structural deficit,” Gov. Arnold Schwarzenegger said Monday. “And so we don’t want to take money and say OK, we get this year the money and maybe next year and from then, boom, it drops off.”
This entry was posted on Wednesday, January 28th, 2009 at 11:48 am and is filed under State Legislature News.
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