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You jump first, Gub.
Enjoy the ride to the bottom.
ping for later
The wealth flight from CA will be massive.
It will start with businesses and those who rent but do well.
I was planning to move but I couldn’t make the numbers work. But I won’t be buying anything of substance in CA — I am willing to schlep stuff from other states where I work to save 2 or 4 percent.
It won’t pass. People in my state are fed up. Even many Democrats are pissed off. Everyone in the sate just assumes Arnold is a Democrat now, he is so far left in his spaending and taxing.....If the GOP could get it’s act together in this state, they could elect a Republican Governor and unseat that bitch Barbara Boxer in 2010 as well as gain some seast in the state assembly and senate. But so far, the California GOP is a disaster.
With masses ready to follow Limbaugh out of NY, and, Californians being forced out also, a mighty collision may occur, say in Kansas or Florida. Tax base collapse is a common denominator in all states now, and, efforts by the Fed govt. to delay things is driven by a desire to buy time to transfer as much property to other coffers before the mechanism for transfer, the big banks and financial entities (e.g. AIG) fold themselves. ...hardly something to cause a drumbeat to save profligate California.
There is no sign that we will still have our freedom when the time for a recovery comes around, or that any interest in our freedom will be the object of government at that time. The leaning to the left by this administration is to the left of known leftists, and hardly reassurring. The Congressional Black Caucus has just visited and celebrated Fidel Castro...what happened to Obama?
Bailing out California is not to be recommended..same with all other states.
Both the state of California and the Fed Govt are after the funds in the battered CALPERS pension funds....unconscionably...and, the pension funds are being pressured to accept TOXIC assets by Geithner. Calpers should not avail their threatened pension funds any further. That Swarzenegger is asking for CALPERS money is representative of how desperate he is, for Geithner..the same.
I hope it fails miserably
Cut massively you pos rino governor. Then take out the ax and fire 1 out of every 4 government employees. Then step down in shame.
He is way in over his head, he is being played by the very people he tried to fight against in 2003. Schwarzenegger thought Sacramento would be a movie set where he would ride in with chiseled arms holding a variety of firearms and weapons, while the crooks and cronies in the state capitol all fall to the ground (Cue Wilhelm screams).
bump
You know, I’d hate to give the White House ideas, but when he started tossing around trillions like they were nothing, I thought that another move for him to make would be to address every state’s budget deficit. In a real Federalism-destroying move, he can toss them enough federal money to wipe out their total deficit as long as they balance their annual budget. Millions of voters (and especially retired teachers and state workers) would be ecstatic, he’d make vassals of every state government, he’d have strings to control every state on important issues, and it would only waste another trillion or so. He’d look like he was promoting fiscal responsiblity, he’d be using our own money against us to give an excuse to control every level of government, and he’d be hailed as a hero while continuing to flush trillions down a bottomless pit.
I wonder what the Governor and the Legislature say when confronted with the fact that state spending has far exceeded both the CPI and population increases and state employee numbers have continued to climb rapidly ...
"When we are able to explain to the people, they get it," Schwarzenegger said. "We know people are furious. But once we explain to them what we are trying to do, they support it."
"None of us like raising taxes," Schwarzenegger said. "(But) anyone who says you can solve this without raising taxes is hallucinating, is on drugs or has a math problem."
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ROFL! He is such a pathetic spineless girly man liberal dolt!
“None of us like raising taxes,” Schwarzenegger said. “(But) anyone who says you can solve this without raising taxes is hallucinating, is on drugs or has a math problem.”
Schwarzenegger has a reality problem. I’m not hallucinating or on drugs and I don’t have a “math problem”.
The state government has a SPENDING problem that is bankrupting the state and its citizens. The state already has practically the highest taxes in the country.
CUT THE DAMN SPENDING YOU FREAKING MORONS!
Joel Fox, a Republican consultant and former president of the Jarvis association who accompanied Schwarzenegger at the meeting, supports the measures. "This is a flexible cap that will survive," Fox said. "None of us like taxes. But..."
Despite bipartisan agreement in Sacramento over the measures...
Yes. I absolutely MUST be hallucinating.
I'm tired of providing taxes used to infringe my right to keep and bear arms. Let the public employees eat cake.
"It has a built-in loophole allowing them to increase spending if they get more revenue," said Jon Coupal, president of the organization.
Sorry Girlyman...
Looks like you’re sol!
Why would I care about saving a Ca state employees job when they could give a rats ass about me losing mine.
What happens to the initiatives that were recently passed? Anyone know? Like the “Safe, Reliable High-Speed Passenger Train Bond Act that just passed last year?
What happens when the voters vote for initiatives that cost money but the state has no money? Are they just put on hold? Or do they just fade away?