Why are they smiling?
Gov. Arnold Schwarzenegger and legislative leaders will begin working today to line up votes for the budget agreement they reached Monday evening to close a $26.3-billion deficit and allow the state to begin paying all of its bills again...
The plan has not been formally released. But... it does not include any broad-based tax increases, relying instead on deep cuts in government services, borrowing and accounting maneuvers to wipe out the deficit....
Tens of thousands of seniors and children would lose access to healthcare, local governments would sacrifice several billion dollars in state assistance this year and thousands of convicted criminals could serve less time in state prison. Welfare checks would go to fewer residents, state workers would be forced to continue to take unpaid days off and new drilling for oil would be permitted off the Santa Barbara coast.
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So again, why exactly are they smiling?
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