[kattracks]

ping

[no-s]

I definitely have a sinking feeling about this one.

[knarf]

Let's see now ...

The market has all but disappeared and Kalifornicatia is going to sell bonds to a skitterish public to get more money so the financial mishandling can be ignored and payed for by the ones that were robbed.

Oh so that's economics 101.

[Miss Marple]

Another story on the bond issue.

[randita]

Even with an "A" rating and interest rates between 5 percent and 6 percent, over the next two decades utility ratepayers will pay nearly as much in interest on the bonds as the $11.1 billion the state borrowed.

Is there anyone home at the Simon election headquarters? If you can't make hay out of this one, you darn well don't deserve to win. Davis and his Democrat cronies, through, stupidity and incompetence have cost the taxpayers of CA $22 BILLION on this alone--not to mention the amount you're on the hook for in the $43 BILLION in overpriced energy contracts.

And the Democrats in the Legislature are hung up on budget savings which would accrue if, for example, they required Medi-Cal recipients to file eligibility forms 4 times a year instead of 1.

When does Davis hit the state employees pension fund, I wonder.

[galt-jw]

after california goes bankrupt, that is the government, there should be a few opportunities.

[Dick Bachert]

Hey, put me down for a few mil of these hot little puppies.

Davis did such a GREAT job with the power thing, this is a no-brainer -- NOT!

Next big BOMB from Whorewood: "What if they held a bond auction and nobody came?"

[Willie Green]

More fiscal mismanagement from the Kalifornia bureacrats.

It makes sense to issue bonds to build infrastructure such as new power plants.
That would be similar to taking out a mortgage for building a new home.
But you don't take out a mortgage just to pay your monthly bills --- That's BAD news and totally irresponsible.