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We all know California is bankrupt. Still, we are trying to borrow another $5 billion to pay for our vendors who have not been paid since July 1,
"What are the alternatives available to States who cannot meet their obligations? If the State were a business, a business would draw up a reorganization business plan and include the following: (these are high level bullets and specific function by function suggestions will be made in subsequent articles)
* The Legislature is basically sent home until a plan for reorganization can be completed. They cannot spend one single cent until the plan is completed, adopted, and implementation is underway. Keep the pigs away from the trough!
* Legislative support staff will be limited to two administrative assistants. Period.
* Legislative offices will remain as is unless the legislator wants to buy his or her own furniture or paint their office on the weekend
* The Governor has to stay home and work on the plan full-time. This is his job, ARNOLD.
* The Governors support staff should be limited to no more than twenty administrative assistants.
* Defer payments to secured and non secured creditors.
* Lay off all non-essential State Workers immediately."
Read the article for the complete possibilities of what will happen to the State.
The good news is that this will happen with Arnold pumping iron in the Palisades instead of having responsibilities.
We are in trouble, just thinking ahead.
More...
"What are the alternatives available to States who cannot meet their obligations? If the State were a business, a business would draw up a reorganization business plan and include the following: (these are high level bullets and specific function by function suggestions will be made in subsequent articles)
* The Legislature is basically sent home until a plan for reorganization can be completed. They cannot spend one single cent until the plan is completed, adopted, and implementation is underway. Keep the pigs away from the trough!
* Legislative support staff will be limited to two administrative assistants. Period.
* Legislative offices will remain as is unless the legislator wants to buy his or her own furniture or paint their office on the weekend
* The Governor has to stay home and work on the plan full-time. This is his job, ARNOLD.
* The Governors support staff should be limited to no more than twenty administrative assistants.
* Defer payments to secured and non secured creditors.
* Lay off all non-essential State Workers immediately."
Read the article for the complete possibilities of what will happen to the State.
The good news is that this will happen with Arnold pumping iron in the Palisades instead of having responsibilities.
We are in trouble, just thinking ahead.
More...