The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Think4Yourself who wrote (203795)	5/22/2009 4:46:50 PM
From: Smiling Bob	Read Replies (2) of 306849

They might not be choosy about hair color so soon ---- Poor would be hard hit by proposed California budget cuts The governor suggests dismantling welfare programs for families and ending CalGrants for college students. By Eric Bailey and Patrick McGreevy May 22, 2009 Reporting from Sacramento -- With deficit forecasts growing darker by the day, Gov. Arnold Schwarzenegger is considering a plan to slash California's safety net for the poor by eliminating the state's main welfare program, health insurance for low-income families and cash grants to college students. The stark proposal surfaced in testimony by the administration at a joint legislative hearing Thursday that followed the governor's decision to withdraw a week-old plan to borrow $5.5 billion to help balance the budget.

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