Posted on 07/22/2002 9:44:45 AM PDT by jdontom
Edited on 04/12/2004 5:41:03 PM PDT by Jim Robinson. [history]
davis = toast
But what about the house and senate that wrote and then passed that horrid thing?
California needs a political revolt of a libertarian nature... massive shrinkage of the governmental phallus... and complete REBUILDING of the concept of absolute individual liberties...
If all the laws that legislatures draft could change reality one iota... they would have done so by now. The only thing that has happened is, things are worse for all the laws written... not better. As it stands the more these statists try to regulate people, the more of a quagmire and unjustifiable expense ANY of their concept of government becomes.
Laws neither deter crime nor change human nature... they do however on occassion incite a little rebellion.. and a little rebellion now and then, according to our nation's founders, is a GOOD thing indeed.
hasta la vista seniorita davis....
How can someone run so boldy early on and then succumb to the status quo view, being afraid to express an opinion on anything?
Simon is on record opposing the bill. What areas is he "afraid" of expressing his views on?
Mr. Hickox, maybe that is because the average person understands the fact that "global warming" has yet to be proven; absent proof, people are not very likely to lend much credence to arguments such as yours and instead realize the state is acting arbitrarily to use its power to impose decisions grounded solely on emotion, not on fact.
Global warming, from the evidence that is available to date, has not been substantiated as real; however, Mr. Hickox, the temperature of the air eminating from your oral orifice has been substantied by the evidence at hand as truly being hot.
Published 4:15 a.m. PDT Saturday, July 20, 2002
SACRAMENTO (AP) - An $11.1 billion bond sale, believed to be the largest one-time borrowing by a government agency in U.S. history, is set to alleviate a deficit built during the state's electricity crisis of 2000 and 2001.
The money is intended to replace $6.5 billion California spent buying electricity in the winter and spring of 2001 and to retire a $4.3-billion loan also used to purchase power.
Lawmakers also are counting on the bond sale as a $23.6-billion shortfall in the overdue state budget looms. Without the sale, the state would have to take out short-term loans to keep cash flowing.
Within weeks, Wall Street rating agencies expect to grade the riskiness of buying the California bonds.
"This is a very unique situation," Dan Aschenbach, senior vice president for Moody's Investors Service, one of three major Wall Street rating agencies told the Los Angeles Times for Saturday editions.
"I don't think there's any other type of bond issue that's had to be put in place to resolve an issue as significant as a $6-billion deficit to the state."
The cost of retiring the new bonds is built into utility rates, so the debt will be paid off dollar by dollar, month by month as customers of Southern California Edison, Pacific Gas & Electric and San Diego Gas & Electric get their bills over the next 20 years.
The bond sale is designed to spread the financial pain of an extraordinary year of threatened blackouts and astronomical power prices.
State Treasurer Phil Angelides had sought to sell the bonds 14 months ago, but a deal was delayed by concerns over possible lawsuits and a dispute between the California Public Utilities Commission and Gov. Gray Davis' administration.
Even with an "A" rating and interest rates between 5 percent and 6 percent, over the next two decades, utility ratepayers will have to pay nearly as much in interest on the bonds as the $11.1-billion in principal borrowed.
Anyhow, a link to a more serious news article will be appreciated.
To me, that is as outrageous as the BS in the bill itself. It angers me beyond words.
There go all the Mexican restaurants. Another slice of the Cal economy down the tubes.
Veggie, can you say MEDIA??????
Good grief. Democrats in leadership, lack of media coverage that goes THROUGHOUT THE NATION......Think, Veggie, THINK!
We would also need media outlets that would print such a picture. They won't, because the media and Dem's are one and the same.
We could raise money to run commercials showing such a photograph. CFR is designed to keep you from raising that money.
"When your opponent is self-destructing don't get in the way."
Next Envio-Waco will come in your home
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