[Ernest_at_the_Beach]

Well every little bit helps, but this looks rather small beside a 35 Billion dollar deficit!

[Ernest_at_the_Beach]

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[BJungNan]

Well every little bit helps, but this looks rather small beside a 35 Billion dollar deficit!

Hey, I was going to say that!

[Lancey Howard]

$35 billion minus $84 million = $34 billion, 916 million.

Rounded just slightly, that equals.... $35 billion.

You can expect stories like this every week as a prelude to these scumbag Democrats throwing up their hands and saying, "We've trimmed everywhere there is to trim.... We've cut everywhere there is to cut. We are now left with no choice but to raise taxes."

Guaranteed this little "renegotiation" has been a done deal for weeks, if not months.

As far as truly cutting the budget, Davis and his scumbag minions are going to announce smoke-and-mirrors "cuts" every week or so and, on cue, the teachers and the rest of the Democrat parasite constituencies will play their part and squawk like crazy in order to try to give the announcements credibility - - make them seem real. I do not believe for a minute that any of the $10 billion in "cuts" announced recently by Davis contain any real cuts at all. Smoke and mirrors, all of it.

[okie01]

"Well every little bit helps, but this looks rather small beside a 35 Billion dollar deficit!"

Also, as against $43 billion worth of contracts. I make it a .195% savings...

Not counting the cost of the kickback, of course.

[Centurion2000]

California revises power pacts,

I have this funny image of Dimbulb Grayout speaking in a Darth Vader style voice

I am altering the deal. Pray I do not alter it further.

[A CA Guy]

It will take a disaster to undo the Democrat power stronghold that California has become.

I think the disaster is near thanks to the Dems.

[monkeyshine]

About 20 companies agreed in early 2001 to sell California $43 billion worth of power over two decades after the state's largest utilities became insolvent by buying power for more than they were allowed to charge customers. Prices have since fallen, and 21 contracts were renegotiated to save $5.3 billion.

What we need to know is how much this power would cost if we purchased it at today's prices?

Sure, $5.3 billion is a lot of savings, but it's about a 13% reduction in the contract price. I've read that today's market prices have fallen to up to 20% of their contract prices, which means we may still be overspending by some $27.5 billion!