Wall Street: Don’t Downgrade California’s Future

Wall Street: Don’t Downgrade California’s Future
Thursday, May 31, 12 noon, 1 Market Plaza, SF,
Foot of Market St. # 2, 6, 9, 14, 21, 31 buses, F car
2 blocks E. of Embarcadero BART

Wall Street: Don't Downgrade California's Future!

We all know that California is facing devastating budget cuts. One easy budget solution is eliminating a costly and unnecessary Rainy Day Fund, that would supposedly protect us from future downturns. Eliminating the Rainy Day Fund would put 1 billion dollars back into health care, education, housing, and all the important programs we as Californians depend on.

So what's standing in the way? The Wall Street firm, Standard and Poor's, has threatened to damage California's credit if the state doesn't go through with deep cuts to our communities.

It's time to stand up and say NO to Wall Street, and YES to our communities! Join us at Standard and Poor's Wall Street West Headquarters to speak out. We'll deliver the message to elected representatives at the end of the action.

Bring your umbrella! No Rainy Day Fund for the future. It’s pouring right now!

Questions? Contact Pete Woiwode at pwoiwode [at] communitychange.org

Brown’s May Revise includes over $2 billion in cuts to health and human services including a $1.2 billion cut to MediCal, an $880 million cut to CalWORKs, a $453 million cut to childcare, and a $225 million cut to In Home Supportive Services. This is after three years and $15 billion in cuts to vital social programs. Read a complete breakdown of these cuts at http://tinyurl.com/3dl7rrf .

Revenue answers to prevent these cuts: http://tinyurl.com/7x2s9pf