Business Insider: California to Make "Terrible, Absolutely Terrible" Cuts

Here Are The "Terrible, Absolutely Terrible" Cuts California Must Make To Balance The Budget

1) Borrow from pensions -- which Schwarzenegger has considered -- and count on a credit downgrade and a Greece-like problem.

2) Drop the axe on state services with "terrible, absolutely terrible cuts" -- as Schwarzenegger called them in May.

It's starting to look like we're headed for the latter.

http://www.businessinsider.com/here-are-the-terrible-absolutely-terrible-cuts-california-must-make-to-balance-the-budget-2010-9