Budget deficit spending

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This is the Governor's plan on how to close part of the budget gap that exists for this year. Not the whole gap - only part. And not fix the budget for next year - but just close the gap for this year.

A Repeat of the California Budget Mess

by nwunderlich

published 14 months ago

California is, once again, in a budget mess. The current budget is at least $11.2 billion out of balance. The next year's budget will be more out of balance. So the Governor called a Special Session and is proposing a plan to raise taxes, cut some spending, and reduce pay to state employees in order to fill the gap. But what about permanent solutions? None of those are on the table.

3 comments finance politics government

Fed Chairman Ben Bernanke's Decision Leads to Hyper-Inflation- Its Impact on You

by successhub

published 9 months ago

Federal Reserve Chairman Ben Bernanke made a significant announcement last week He said that the Fed will buy up to $300 billion in long term U.S. Treasury securities. In addition, it will...

1 comment ben bernanke backup plan hyper inflation