Furlough Friday 3x and IOU's

Governor Arnold Schwarzenegger has signed an executive order mandating state employees to an additional Furlough Friday, bringing the new total to three unpaid days off.

The executive order signed by Schwarzenegger will reinstate "Furlough Fridays," requiring more than 200,000 state workers to take unpaid leaves on the first three Fridays of each month.

The move amounts to an additional 4.62 percent pay cut for state workers, bringing their total reduction in 2009 to about 14 percent because of two furlough days imposed previously.

With a $26 billion dollar shortfall, I don't see how that really solves our problems, but as if state workers getting the shaft once again isn't enough...

State Controller John Chiang has said he will begin issuing IOUs Thursday to vendors who do business with the state, local government, and people who are owed tax refunds.

So not only are the state employees getting screwed...Due to Arnold's absolute inability to lead, anybody that does business with the state is S.O.L. as well.

Good times.