California Cliff Diving

California has been tilting over the cliff with a $42 billion budget problem. Now it’s about to fall! This will push the State’s unemployment rate over 10% within a couple of months:

$3.8 billion worth of public works projects to be shut down

Schwarzenegger to send 20,000 layoff notices tomorrow


17 Responses to “California Cliff Diving”

  1. 1 Ivy Quilala February 17, 2009 at 8:13 AM

    It sad to see that one man is keeping thousands of people from keeping thier jobs. Something needs to be done soon. Obama has just signed the new stimulua package so maybe something from that can be used to help California out. I was disappointed when my Mother-in-law told me my state refund check would be put on hold. I might end up getting some kind of I.O.U. I would think that many people like myself are depending on my refund to help me pay off some bills that are overdue. I hope something is worked out soon before they even decide to distribute those layoff notices.

  2. 2 Jordon Lovett February 17, 2009 at 4:36 PM

    One man? One man is not responsible for the downfall of a state with an economy bigger than most nations. The entire congress of california (which is democratically dominated), have been screwing the state up for years. In retrospect, 20,000 public jobs is not that much when compared to its population of over 30 million people. The state is suffering because the nation is suffering. Our economy has been struggling ever since banks lost their trust for each other due to the failing housing market. Also, 3.8 billion in building cutbacks is a small decrease. The rebuilding of the bay bridge cost over 2.5 billion alone. I know California is in debt, but its not in as bad of shape as the nations economy.

  3. 3 Khaled Aboudamous February 17, 2009 at 10:26 PM

    It is real scarce to think that the United States in which we live is going through such a major budget crisis to say the least. Several friends of mine and fellow colleagues got laid off due to the low economical gain to the business’ they took part in before the lay-offs happened. I hope something happens soon because just like all of their jobs where taken away ours are in great jeopardy as well.

  4. 4 Wiloni Robertson February 17, 2009 at 11:29 PM

    I think its a shame that no one in the house could come up with some kind of idea that both sides could agree on. But as usual it only effects the little people.

  5. 5 Samantha Arnold February 19, 2009 at 10:17 PM

    I think it is very sad that many people in california or losing their jobs, when we are the biggest state with one of the highest populations and our state is the one to be laying off people. It also doesnt help that our economy is terrible right now, but it seems that laying off people isnt the answer we should be creating new jobs for people. It is sad that we are leaving this up 2 one person and that as smart as our politicans are they cant come up with a better idea than just laying off hard working people that need to support their families.

  6. 6 wordtown February 22, 2009 at 10:39 PM

    As with anything, I think things will start changing with time. As long as we as a whole keep striving towards change in a positive way, we should start seeing it. Hopefully people start getting their jobs back. We just need to keep on pushing through these tough times.

  7. 7 LK Economics February 23, 2009 at 6:44 PM

    California’s budget is a mess. I have to ask myself how long has this been going on? Why are we in such a mess? Are the other states in such bad condition? What went wrong? This deficit did not happen over night. What could California have done different? It’s hard to point the finger just at our governor but he has to be the one implementing cutbacks in our dire situation.

  8. 8 NK February 25, 2009 at 11:53 AM

    I do not know how california got into this mess. To tell you the truth I dont think Arnold was the best choice for a governator but besides that. I think its best that he is cutting the government jobs first or laying them off every friday to save money or whatever he is doing. because it would be terrible to just have all of the job cuts effect the working class. I think this problem will be fixed in time. I think that people that cant afford houses souldnt even try to get a home. I think the banks that got greedy supported those people should have had to figure that problem out by themselfs since they got themselfs into that mess instead of them sayin we f***ed up really bad then just expecting the goverenment to bail them out which in the long run hurt the people of the country and the people in those banks are not effected. I think our whole government and the citizens of the country needs to stop using money they dont have yet then we wouldnt be in this mess.

  9. 9 Nikolas Bunton February 25, 2009 at 6:13 PM

    This 42 billion dollar budget deficit issue is starting to take its toll on many different job markets. With 3.8 billion dollars worth of public works projects being shut down, a lot of people are losing their sources of income. Public projects employ a lot more people than meets the eye. Architects, engineers, contractors, construction workers, and the many small companies that sell the materials used to do this work are losing money. Unemployment is becoming a harsh reality for an increasingly large amount of people. Let’s hope the stimulus plan pumps more money into our economy like everyone is hoping for.

  10. 10 dionicio arechiga February 26, 2009 at 8:34 AM

    Schwarzenegger man I hate this guy I think he should go back to Hollywood.
    I think there could have been a better solution than to lay off 20,000. This people can either go back to school to receive more training or they can look for another job. Because if am not wrong it says that it will affect those with less seniority. And in a business the people that have the most seniority are those that have degrees or in something and boss around the people under them.

  11. 11 Kit t Kat March 6, 2009 at 7:03 PM

    This are not looking good, but just before day there is always night. In other words before things look good, it is usually bad. I don’t think this problems with the economy will always be this bad or worest. Just like there was the depression then there was a time when there was not a depression. It is just a matter of time before things look bright for the economy, I believe.

  12. 12 Claudio Ramirez March 18, 2009 at 5:51 PM

    I dont think one man is to blame for what is occuring but at the same time, it was only a matter of time before the tilt fell, and now were going to be the ones suffering from it. Reform is needed ASAP, but we as a people have to be patient from take it day by day. I see it as, there is only way up to go in times like this and that is up! well just see how fast things unfold.

  13. 13 Gilberto Vazquez March 18, 2009 at 11:39 PM

    its pretty sad how the state still hasnt come with a resolution for the budget problem. Something has to be done for the politicians or anybody else that messed it up so bad. maybe they can try to dissect what mistakes were done so they know what not to do next time and make sure the right policies are pursued for the better of the economy. we all know how big californias economy is and how vital it is to the health of the nationwide economy.

  14. 14 quique March 19, 2009 at 8:56 PM

    Should this happen t our state we will see a very drastic change in the way people live all over the state. people we will be scared to buy anything and they would only want to save the money that they have in fear of not knowing if they are going to get fired or laid off. It is sad that our economy is in such bad conditions but one way to see things is that it could be worse and the only thing we can do is hope for the best.

  15. 15 RaiulBaztepo March 28, 2009 at 1:40 PM

    Very Interesting post! Thank you for such interesting resource!
    PS: Sorry for my bad english, I’v just started to learn this language 😉
    See you!
    Your, Raiul Baztepo

  16. 16 PiterKokoniz April 7, 2009 at 2:50 PM

    Hello !!!! ^_^
    I am Piter Kokoniz. Just want to tell, that I’v found your blog very interesting
    And want to ask you: what was the reasson for you to start this blog?
    Sorry for my bad english:)
    Thank you!
    Your Piter Kokoniz, from Latvia

  17. 17 Gabriel Mayora May 13, 2009 at 2:39 PM

    i would have to disagree to the fact that one man is responsible for the state of California’s economy. Layoffs have been inevitable in this current time and it should not be blamed on California’s leaders. The state California is in reflects what the United States economy is like.

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