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Borrowing to pay off the credit cards? The proceeds of this loan will be used to pay off the loan from last year.

Governor Davis vows no tax increase.

1 posted on 04/25/2002 3:22:20 AM PDT by snopercod
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To: *calpowercrisis;Ernest_at_the_Beach;Robert357;Dog Gone
flag
2 posted on 04/25/2002 3:23:13 AM PDT by snopercod
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To: snopercod
Governor Davis vows no tax increase.

. . . .this election year.

3 posted on 04/25/2002 3:33:07 AM PDT by VA Advogado
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To: snopercod
Way to go you dumbass grey davis and the rest of you liberal socialist crazies of the Calif.s government. Due to your spend money on every stupid little program that comes along you have made it where every marginal families economics are screwed.
4 posted on 04/25/2002 3:34:41 AM PDT by Joe Boucher
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To: *Calgov2002
Gray Davis is mortgaging our future, with the help of Kathleen Connell and Phil Angelides.
Dump them all! (Connell is not running.)

I hope Bill Simon really emphasizes how Davis created these problems with record-high spending and now is incapable of solving them.
5 posted on 04/25/2002 3:38:09 AM PDT by heleny
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To: snopercod
Californie is gonna need all the tax revenue they can muster. Smokers, light 'em if ya got 'em.
6 posted on 04/25/2002 4:04:23 AM PDT by Buffalo Bob
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To: snopercod
California Needs $7.5 Bln in Notes to Cover Shortfall

``The last thing I want to do is have the state in a panic because we didn't think ahead,'' Connell said.

Too late.

Eddie01 "the obvious is so hard for some"

7 posted on 04/25/2002 4:14:17 AM PDT by The Real Eddie01
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To: snopercod
reach $20 billion, or one- quarter of California's general fund budget, in fiscal 2003,

80 billion ? how much is that per person?

I say send the bill to mexico...

8 posted on 04/25/2002 4:28:55 AM PDT by THEUPMAN
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To: snopercod
Davis has proposed erasing the fiscal 2003 deficit by shifting funds among budget accounts, borrowing, lowering spending, and getting help from the federal government.

Well, you don't really erase a deficit by borrowing, but if he can get the rest of us to kick in some money...

9 posted on 04/25/2002 5:48:20 AM PDT by Dog Gone
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To: snopercod
``The last thing I want to do is have the state in a panic because we didn't think ahead,''

Too late dufious! Mark up another failure for socialism!

10 posted on 04/25/2002 5:52:58 AM PDT by kapn kuek
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To: snopercod
"Davis has proposed erasing the fiscal 2003 deficit by shifting funds among budget accounts, borrowing, lowering spending, and getting help from the federal government. He said Tuesday that a tax increase isn't needed because the improving economy will fill the gap."

You folks in California are crazy if you keep this guy! This does not even pass my 9 year old's sanity test. I would recommend that you guys get together and require every member of the legislator and top executives to pass an economics 101 class.

14 posted on 04/25/2002 7:54:07 AM PDT by taxcontrol
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To: snopercod
Davis has proposed erasing the fiscal 2003 deficit by shifting funds among budget accounts, borrowing, lowering spending, and getting help from the federal government.

The saddest thing about this is that average sheeple do not realize that their taxpayer dollars are going to bailout that socialist hellhole of a state and should be outraged and demand financial accountability of public officials!

15 posted on 04/25/2002 7:56:24 AM PDT by BureaucratusMaximus
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To: snopercod
Why sell debt? The dumbasses! It's time for California to start selling assets. California owns billions upon billions of dollars worth of property that can be sold to raise cash.

Selling debt is an atrocity! People not yet born will end up paying the tab for the debt we acquire today. That is patently unfair to the children.

21 posted on 04/25/2002 7:52:29 PM PDT by monkeyshine
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To: snopercod
States are struggling to eliminate a combined $27 billion shortfall in the current fiscal year, the National Conference of State Legislatures has reported. $17 billion of $27 billion is ... 63%. That means that California has 63% of the deficit problem in the country. Davis the other day said that "this was a problem across the country, in virtually every state legislature" but reality is, California's deficit is MORE THAN all other states COMBINED.

DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS
DUMP DAVIS

23 posted on 04/26/2002 6:37:27 AM PDT by Gophack
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