California Bankruptcies

Include the Democratic Party in that.

"Brown seeks deeper Calif. budget cuts" May 14, 2012

SACRAMENTO - California’s budget deficit has jumped to $16 billion, forcing Governor Jerry Brown to call for even deeper cuts in state spending when he releases his revised budget plan on Monday.

Brown revealed the dramatically higher deficit in a Web video posted on YouTube over the weekend.

He did it over the Web on YouTube?  

Lower-than-projected tax receipts along with the loss of proposed spending cuts already rejected by the courts and the federal government have increased the gap, the governor said.... 

That means NO RECOVERY, folks!!!!!!

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"Governor Brown seeks $8.3b in Calif. cutbacks" New York Times, May 15, 2012

LOS ANGELES - Struggling to contain mounting state budget shortfalls, California Governor Jerry Brown proposed $8.3 billion in spending cuts on Monday, including slashing state employees’ pay and the funding for social programs and prisons.  

He's a Democrat, right?

He warned that California would have to impose an additional $6 billion in cuts on public schools and higher education if voters do not approve his initiative this fall to raise sales and income taxes.

Brown said the state is facing a $15.7 billion shortfall, up from $9.2 billion in January. He blamed the worsening situation on the slide in California’s economy, which has led to lower revenues than he had projected last year, and on court decisions preventing the state from imposing approved cuts.

“I don’t like making additional cuts, and I recognize the impact they have on Californians,’’ Brown said in releasing his budget plan. “They are difficult - but necessary - in order to get us back on firm fiscal footing until California fully recovers from the global economic recession.’’

Even as he proposed cuts, Brown proposed a 16 percent increase in funding for public schools. But he said that plan is contingent on voters approving a quarter-cent hike in the sales tax and an income tax surcharge on wealthy voters.

Brown once again finds himself insisting on the need for deep cuts that seem likely to create a clash with Democratic lawmakers. “The fact is, California has been living beyond its means,’’ he said.

Except BROWN is a DEMOCRAT! 

Why did that REMAIN UNMENTIONED, dear readers?!!

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Also see: Calif. judge’s open court stirs child welfare debate

‘Octomom’ files for bankruptcy protection

Related: Octuplets Sleeping Soundly

Shhhhh!