California Fiscal Trainwreck Moving Foward

The Trainwreck that is California goes full speed ahead as the politicans in Sacremento are sending a budget they know will be vetoed

SACRAMENTO, Calif. (AP) — The California Senate has approved a Democratic budget that faces a certain veto from Republican Gov. Arnold Schwarzenegger as the state heads toward issuing IOUs.

The plan the Senate approved Monday would cut spending and increase taxes and fees to bridge a $24.3 billion budget deficit, but Schwarzenegger vows to veto it.

Looks like the I.O.U. scam may become reality.