عنوان درس: بحران نقدینگی کالیفرنیا

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Governor Arnold Schwarzenegger apologised to state workers as he signed the order that will leave more than 20,000 jobless and ten times that number with lower wages. The move will save $100 million a month. Yet California faces a budget deficit of $15 billion.

Arnold Schwarzenegger:
"Our state faces a looming cash crisis. This situation leaves me with no easy choices, choices, only choices with consequences, consequences that will have a direct impact on California families. And so I have a responsibility to make sure that our state has enough money to pay its bills."

The main problem is that some six weeks after California's new fiscal year began, state legislators have failed to agree a budget, which means California, with one of the largest economies in the world, has no way to pay for contractors, for many of the services it provides and, crucially, no plans for how to make up that huge budget shortfall. The Governor's move is designed to put pressure on politicians to resolve the crisis.

In fact some 30 American states face budget deficits, caused by rising costs and falling revenues in a slumping economy. But California's is by far the largest.

Rajesh Mirchandani, BBC

به کلمات گوش بدهيد

faces a budget deficit
با کسری بودجه روبروست

faces a looming cash crisis
با بحران نگران کننده کمبود نقدینگی مواجه است

fiscal year
سال مالی

crucially
به نحو سرنوشت سازی، فوق العاده

make up that huge budget shortfall
جبران کسری فاحش بودجه را بکند

move
حرکت، اقدام

put pressure on
تحت فشار قرار دادن....

to resolve the crisis
برطرف کردن بحران، حل بحران

rising costs and falling revenues
هزینه های فزاینده و عواید رو به کاهش

a slumping economy
اقتصاد در حال رکود، اقتصاد در حال افت