California 50 days from government meltdown

California has 50 days until the government melts down under the pressure of the $24.3 billion budget gap. That according to the state's controller, John Chiang. And the problem isn't getting any better. State revenues were off nearly 18% in May the state was off an additional billion dollars from the current budget. Schwarzenegger has publicly refused to take a high-interest, last-minute loan saying that the financing charges would cripple the state going forward. Without deep cuts the government may simply run out of money as early as late July. Schwarzenegger has said that he would rather see the government shut down then be held hostage by a crushing loan to close the gap. While Californians like myself have had to suffer through tax increases in all sorts of areas (including a ri