"It's doable," said Sen. Steve Peace, D-El Cajon, chairman of the Senate Budget Committee. "You borrow and cut. You've got to come to the realization that a significant part of this will be borrowing."
Low interest rates and investors in search of high-quality government bonds makes that strategy particularly attractive, Peace said.
"This is when it makes sense to borrow," he said.
Of course thanks to Clymers like Steve Peace, Facist Davis and the king of tax and spend Burton, our Kali bonds are no longer high quality bonds. The last small for Kali general bond issue did not sell out last week.
I understand that Davis has ordered a tube of KY jelly for every democrat who has a retirement/investment plan with Cal Pers.
When Wall Street turns down the used electricity bonds to give a free electicity lunch to Kali Socialists, Davis will order Cal Pers to buy these loser bonds. Cal Pers will soften the blow to the state employees. Each member will get a tube of KY jelly and be allowed to use it liberally during the upcoming BOHICA Kali bond sale that no one will want to buy.
I have letters ready to go the managers of all our mututal funds with bonds, telling them not buy a single Kali used electricity bond. I will demand full disclosure if they buy any of these bonds so we can sell and go elsewhere to protect our investments.
We don't buy junk bonds from companies, countries, states, cities and the Facist State of Kali!
Conservatives across this nation should be letting their retirement fund mangagers and mutual fund managers to just say no to any all ready used electricity Kali Junk Bonds!
Good point. Junk status and getting worse.
It is fixable, but will take new leadership and power, which I hope, for Californians sake, can be delivered. Even if Simon wins, the real question is can he get support for good policies.
Daschle has shown what Rat control of a governing body can do.