Things aren’t looking so rosy for California as it is on pace to run out of money before April 2010. Progressives are ruining the world’s 7th largest economy and in the process pass a single-payer health care bill.

State Controller John Chiang issued a stern warning Friday about California’s cash reserves, telling legislative leaders and Gov. Arnold Schwarzenegger they must act on nearly $9 billion in budget cuts the governor is seeking by March — or the state will run out of cash to pay its bills.

Without making those cuts — which Chiang says will pump $1.3 billion into the state’s checking account — California would be broke by April 1, no fooling.

The state wouldn’t climb back to what’s considered a safe level of cash on hand, $2.5 billion, until later that month, when tax revenues are expected to begin flowing into Sacramento.

“While our current cash condition is marginally better than it was one year ago,” Chiang wrote to leaders, “it is still precarious.”

Even with the budget cuts, the state’s cash reserve would still be far below that cushion in March and April.

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As many of you know entitlement programs are killing the state of California, yet on the hills of California’s financial woes, the California Senate approved single-payer health care bill.

The move in California comes after Massachusetts voters changed the calculus in Congress by electing a Republican to the Senate who opposes the pending plan.

Democrats are the majority in both houses of the California Legislature. The 40-member state Senate passed the single-payer plan on a 22-14 vote, sending it to the Assembly. One Democrat voted against the measure.

Schwarzenegger promised to veto the proposal, as he has two similar plans that previously reached his desk. Spokeswoman Rachel Arrezola cited the state’s massive budget cuts and looming $20 billion deficit in arguing the state cannot afford to shift to a single-payer health care system.

“Any elected official who thinks it’s a good idea to strap the state with tens of billions of dollars from a government-run health care system is clearly not in touch with what voters need and deserve,” Arrezola said.

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This just doesn’t make sense. California is broke and yet the progressive idiots in the Senate pass a single-payer health care bill. Wonder how the good people of California are enjoying progressivism?

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