You'd be nuts to oppose this!
Posted on 10/05/2008 2:06:06 AM PDT by rabscuttle385
BOSTON (AP) — The Massachusetts state treasurer has asked the federal government about lending the state money under the same favorable terms given to banks and investment firms during the financial crisis.
Treasurer Timothy P. Cahill’s requests last week to the Treasury Department and the Federal Reserve Bank of Boston were prompted by the state’s inability to borrow from the short-term debt markets, The Boston Globe reported on Saturday. The financial turmoil has caused credit markets to stop lending, or to charge prohibitive rates.
California has made a similar request, saying it will run out of money by the end of the month if the short-term debt markets do not ease. That state has said it may need a $7 billion emergency loan.
(Excerpt) Read more at nytimes.com ...
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FR Keyword: moneylist
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This must be a parody? Surely tax and spend socialism has not betrayed these blue states and left them begging for loans? Say it ain’t so.
MA, then CA. Who’s next, MD?
Another Blue State goes belly up?
Which State is Barney Fag from?
No Money.
Make them sell land to the fed for nuclear waste.
well if we’re already spending over $800 billion, what’s another 7 billion?
Hmm, first California asks to be bailed out. Now Massachusetts. The two most liberal states in the nation. Broke and now grubbing for other people’s money to pay their bills. Think people will make the connection? Should be obvious, but I’m not hopeful.
NO MORE FORIEGN AID!
You’re right, is chump change. :)
Blame Bush time again.....gimme a loan......
Of course the Democrats need cover in Massachusetts when they bring in option two: RAISE TAXES.
Here in PA our own Democrat governor Ed Rendell is dropping hints of a gas tax hike.
One GOP state rep. in my area said a few days ago that tax increases are coming in PA.
They passed a budget with a billion dollar hole last summer and now they say its two to three billion.
Our gambling money is dedicated to limiting school property tax increases with band aid drops of money.
The gig is up for liberal tax and spend policy and now is the time to ride like Paul Revere.
“Higher taxes are coming....higher taxes are coming...”
maybe they’ll now appreciate romney (and I say this as a person who did not support him in the primary or for VP)
The Democrat leaders from Deval Patrick down will pin the tail on George W. Bush and ignore Romney.
Massachusetts has a Rainy Day Fund of 2.5 Billion dollars and the state treasurer is looking for a low interest loan to cover a 223 million dollar shortfall! To my corrupt state politicians .... it is raining.
The floodgates have been taken out with a tactical nuke.
There will be no end to this until our friends, the Communist Chinese say:
Enough is enough, boys!
Perhaps. But then Alaska has a surplus. The governor of Alaska has done a wonderful job of managing the assets of that state. I wonder who that competent and disciplined governor could be?
Next bailout surrender demand takes place at Kessler's Farmhouse.
It is good for the banks to be in line first for the government handouts, before the treasury runs dry. Printing more money will just lead to hyper-inflation. And if that happens, hang on! You best get your house in order now.
The state administrators are asserting that the problem is caused by a lack of access to short term debt.
I believe that they are correct in their assessment. They are most certainly having problems accessing short term debt.
But what they cite as the problem - is really an excuse.
The problem is incompetent fiscal policy - pure and simple.
The connection that the Barney Fags will make is that their were run by Republicans.
Again their legislatures are not at fault and should be closed down to save money.
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