Wednesday, May 26, 2010

Borrow cash to save welfare

000 Californian their Commercial A Hoy Matey job and state coffer more than $5 billion in lost feder dollarsH argu that the Republican governor' plan would cost 430..

just on dai after Senat Democrat propos rais nearli $5 billion in tax to stave off cut to the same social programsA ssembl Democrat on Tuesdai unveil a plan to fulli fund educ and save welfar and govern job in California by borrow billion of dollars..

D-Lo Angeles,Th propos by Assembl Speaker John P é rez. call on the state to borrow $8.7 billion in bond to be repaid over 20 years, plu interest, with a new tax on oil compani that would rais roughli $1 billion a year.

counti and school district in the year start Juli 1,P é rez said hi propos would help the state' econom recoveri by give more monei to cities. invest $1 billion in job creation measur and avoid the deep cut to California' social safeti net that Gov. Arnold Schwarzenegg ha proposed.

and P é rez said Tuesdai that put Californian back to work should be Sacramento' No. 1 priority. Th state is face a $19 billion budget deficit.

" P é rez said. "Mani of the propos that have been put forward to close the budget deficit will harm our economy,"Job creation is central to solv our central crisis. Our economi will not recov until the 2.3 million Californian who lost their job have found new work. drastic cut will result in thousand of job lost throughout California ... in police, teacher and firefight be laid off."

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