Courtesy SF Chronicle
California is heading 'toward financial Armageddon' according to Governor Arnold Schwarzenegger. During a press conference Wednesday, he said the State's budget deficit is now $15 billion for the current year.
Criticizing the Legislature for failure to address the crisis, he projects the budget shortfall will be $40 billion.
Governor's Remarks
TBH News: California heading 'toward financial armageddon'
Thursday, December 11, 2008
The Black Hour
