By Senator Denise Ducheny
Chair, Senate Budget Committee
“Thoughtless slashing would eliminate a whole series of State investments that are necessary to our recovery and to providing a sound base for our future prosperity.”
August 24, 2010 (Sacramento) -- In the wake of the global economic turmoil of the past few years, there are signs California’s economy has hit bottom and is beginning to recover. While our recovery is fragile, and it will take time to make up ground lost to the worst economic recession since the Great Depression, California is still the 8th largest economy in the world. California’s future is still bright--if we can sustain ourselves in the short term.