

WASHINGTON, D.C. – Congresswoman Loretta Sanchez (CA-47) today led a letter to California Governor Jerry Brown urging him to consider a balanced approach to California’s state budget crisis – one that cuts costs but does not make the most vulnerable communities in California bear the majority of the burden of budget reductions. The letter has been cosigned by ten members of the California delegation.
“As the state of California continues to confront difficult budget cuts, I urge Governor Brown to spare our most vulnerable communities from further reductions to vital social services,” said Sanchez. “While tough fiscal decisions are necessary, we cannot balance our state’s budget on the backs of seniors and families. The proposed 20% cut in funding for home caretakers will force many disabled Californians to be placed under the care of the state, shifting costs to another vastly underfunded California state program. And a proposed cut to funding for public schools is particularly unwise—we only sell short our own future with that reduction.
“There are many reasonable budgetary proposals that would not harm our most susceptible communities. I ask the Governor to consider these before significantly cutting education and social services and forcing established community service organizations to close their doors.”
Loretta Sanchez, – Stop the B.S. –Just resign.
From the Right:
Could Cap and Trade Cause Another Market Meltdown? It’s anticipated that carbon default swaps, (carbon derivatives), will be a $2 trillion market, the biggest of any “commodities” derivatives product in the next five years. http://www.canadafreepress.com/index.php/article/11855
From the Left:
Obama’s Cap And Trade Carbon Emissions Bill – A Stealth Scheme To License Pollution And Fraud
http://www.countercurrents.org/lendman090709.htm
Loretta, you voted for this, and Governor Brown also loves Cap ad Trade
House Vote On Passage: H.R. 2454 [111th]: American Clean Energy and Security Act of 2009
Jun 26, 2009: This bill passed in the House of Representatives by roll call vote. The totals were 219 Ayes, 212 Nays, 3 Present/Not Voting. Vote Details.
http://www.govtrack.us/congress/vote.xpd?vote=h2009-477&sort=party
At the state level, California’s AB 32 creates a carbon derivatives bubble.
“State Lacks Authority to Regulate the Derivatives Market,but Federal Government Has an Oversight Role. The ARB has concluded that it does not have the authority to govern participation in the derivatives market because it is within the sole regulatory jurisdiction of the U.S. Commodities Futures Trading
Commission.
http://www.lao.ca.gov/handouts/resources/2011/Cap_and_Trade_Market_Issues_062911.pdf
Quote from end of report. California’s AB32