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14 May, 2010

Schwarzenegger Warns Of "Terrible Cuts, Absolutely Terrible Cuts" Coming In California

Schwarzenegger Warns Of "Terrible Cuts, Absolutely Terrible Cuts" Coming In California: "More evidence that California is the new Greece.

As the state grapples with a horrible budget situation, Arnold Schwarzenegger is warning of pain ahead.

Specifically, according to the SacBee, Schwarzenegger press secretary Aaron McLear said:

'What you can expect generally is no taxes and terrible cuts, absolutely terrible cuts... We're not going to get through the deficit we have without some really tough decisions and some really terrible cuts.'

This is going to get really ugly, and though California may stave off default, there's no way they'll be able to stave off the horrible demand destruction that will result from these 'absolutely terrible cuts'..."

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1 comment:

  1. This is a transparent ploy to anger enough Californians so they will demand the federal government bails them out. I predict the feds will bail them out within a few months and call it "job creation".

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