Tuesday, June 16, 2009


Well, we tried to warn you about Arnold...

SACRAMENTO, California (Reuters) - California lawmakers were poised to miss their constitutional deadline on Monday for a state budget, bringing the state's government closer to running out of cash.

Democrats and Republicans in the legislature's budget conference committee worked through Monday afternoon on a variety of proposals addressing Gov. Arnold Schwarzenegger's plan to close a $24.3 billion budget shortfall, but they failed to find common ground on its most dramatic proposal: eliminating the state's welfare system.

It will be interesting to see how this all plays out, though of course it's important to remember that while it may be "interesting" it also involves real people and their fates.