In a Post-Bailout World, Charity for Illegal Immigrants Can’t Make the Cut

North Star Writers Group ^ | October 6, 2008 | Lucia de Vernai

[Dukes Travels]

Now that we officially have $700 billion of bad debt thanks to sundry advantages of deregulation, the state governments are looking for their due recognition among mismanaged giants. The Golden State, currently under the enlightened leadership of the Governator, is asking the federal government for $7 billion.

The Los Angeles Times has obtained a letter to Treasury Secretary Henry Paulson from Gov. Arnold Schwarzenegger warning that the state may need emergency funds in that amount within the next few weeks. Locked out of the bond market, the state doesn’t have the money necessary to fund schools. The $3 billion due to over 1,000 school districts before the end of this month is predicted to be worse than the financial meltdown that cost Gray Davis his office in 2003.

Now it seems that no matter what premium the state is willing to pay, there won’t be a bank that can loan that amount of money. Maybe it’s time for California to cash in on the goodwill – and billions of dollars it contributes annually to educating mostly Mexican illegal immigrants – and hit up the Mexican government for a one time, no-obligations contribution. Not a loan, more like alimony: If the Mexican government (among other nations) doesn’t continue its commitment with the constituents that cross the border illegally, that’s fine, but American taxpayers are used to a certain lifestyle and the least they can do is help us maintain it.

[Oatka]

I got a problem with this, but fixed it: Now that we officially have $700 billion of bad debt thanks to sundry advantages of deregulation, liberal tinkering . . .

Otherwise, pretty much agree that now that the Treasury door is blown open, all the liberal states will be at the head of the line. Reminds me of those pictures of those Katrina looters.

[foutsc]

I agree. Pandora’s box has been opened. It’s going to be one constant whine for a bailout from every entity in the US, and I predict, some outside.

I like your analogy. They’ve blow open the vault, now the looters come in... And the mantra will be “Billions for Wall Street but not a penny for Main Street?”

[SoConPubbie]

Problem is, that the Bailout WAS for the Illegal Aliens.

60% of the Sub-prime loans went to Illegal Aliens.

[OneWingedShark]

> Problem is, that the Bailout WAS for the Illegal Aliens.

Shhh! We can’t let people KNOW about this.

[Night Hides Not]

It’s going to be one constant whine for a bailout from every entity in the US, and I predict, some outside.

CA is the first shoe to drop. I've been working in corporate tax departments for the past three years. State tax departments are going to be under incredible pressure to make up for budgets crimped by falling property tax revenue. Audit activity will ramp up significantly.

The real hits start next year, when appraisals reflect the drop in property values.

[gubamyster]

ping

[AuntB]

BTT!

[B4Ranch]

#1 That’s RACIST

#2 That’s TOP SECRET

#3 That’s CORRECT

[Razz Barry]

The pride Americans take in helping immigrants – who come from countries that do not afford them necessary education, health and safety provisions – must now define the approach to domestic politics. We cannot continue giving what we do not have ourselves. Pretending that we can aid immigrants while our leaders have no idea how to aid us is a case of mistaken priority that will prove costly, literally and proverbially.

During the argument before the Supreme Court over forcing Americans to pay for educating illegal immigrants, those against said illegals would flock here for the free schools. The Justices who voted in favor of enslaving Americans said that wouldn't happen. It did. Now, we all suffer for their mistake. It's PAST time to revisit that ruling.