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1 posted on 07/07/2002 12:48:07 PM PDT by Ernest_at_the_Beach
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2 posted on 07/07/2002 12:48:54 PM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach
Bump
3 posted on 07/07/2002 1:00:44 PM PDT by for-q-clinton
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To: Ernest_at_the_Beach
Go John Campbell!

In crafting the state budget, Gov. Davis and his legislative colleagues applied many of the same deceptive accounting techniques used in these corporate scandals.

Ouch! That has to hurt Davis in two ways. First, it is truthful and connects something that is hurting a lot of folks retirement acounts and therefore is transferring anger to Davis and second, it is pointing out to Davis and the Democrats why their budget (that counts so heavily on borrowed Wall Street funds,) may have a real problem.

Wall Street will look at the budget and then calculate its own cash flow for the state before it lends a dime and before analysts determine bond ratings. With the Merril Lynch New York State settlement, Wall Street will be much more careful to really look at things before it recommends buying bonds from California.

5 posted on 07/07/2002 1:06:11 PM PDT by Robert357
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To: Ernest_at_the_Beach
I suspect the Clinton/Gore administration did much the same thing in their pronouncements about what they were doing for each state. If what they said were true, why is it our K – 6 teachers have no supplies for their students? Why is health care becoming evermore expensive to those that can get it? Why has the dollar become near useless? There are other areas of course that should be mentioned, but taking those three, President Bush has not had eight years or even two full years to unravel the mess of missing billions and billions of US $$.

I think ENRON and the others simply copied the US Government’s way of cooking the books, that is assuming of course there were some qualified people within the gov. who could do it. Look at the few heads of departments that have been caught using credit cards, ordering computers etc. for private use etc., those few represent the tip of the ice burg. Governor Davis and pals should not be re-elected peroid! They represent the worst in state government.

11 posted on 07/07/2002 1:28:45 PM PDT by yoe
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To: Ernest_at_the_Beach
bttt
17 posted on 07/07/2002 4:49:24 PM PDT by TheEaglehasLanded
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To: Ernest_at_the_Beach
"The situation with the state's finances is far worse than the "official" numbers show. "

Ouch .. This is gonna need charts .. lots and lots of charts .. Get ahold of Ro$$ Perot
DUMP DAVI$ & the Den of Socialists



GO SIMON

20 posted on 07/07/2002 7:13:05 PM PDT by NormsRevenge
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To: Ernest_at_the_Beach
Though it has heightened my blood pressure a bit, thank you for sharing your fact-filled analogy of Gov. Davis and the corporate scandals. I hope and pray that Bill Simon, while he may not be the most politically experienced candidate, will replace Davis soon.
21 posted on 07/07/2002 8:19:04 PM PDT by panther33
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