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Schwarzenegger to U.S.: State may need $7-billion loan
The Los Angeles Times ^ | 2008-10-03 | Marc Lifsher & Evan Halper

Posted on 10/03/2008 5:47:23 AM PDT by rabscuttle385

SACRAMENTO -- California Gov. Arnold Schwarzenegger, alarmed by the ongoing national financial crisis, warned Treasury Secretary Henry M. Paulson on Thursday that the state might need an emergency loan of as much as $7 billion from the federal government within weeks.

The warning comes as California is close to running out of cash to fund day-to-day government operations and is unable to access routine short-term loans that it typically relies on to remain solvent.

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events; US: California
KEYWORDS: bailout; calbudget; california; schwarzenegger
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To: Liz; Ernest_at_the_Beach; tubebender; NormsRevenge; Jim Robinson; Shermy; RonDog

I live in California, and I hope the administration tells Arnold and the tax and spend rats in the California legislature to do an obscene act while flapping their wings and flying.


61 posted on 10/03/2008 8:23:36 AM PDT by Grampa Dave ( I do not want to know the type of person, who does not like Sarah !)
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To: rabscuttle385

Actually, I think we should bail them out the way the FDIC bailed out WaMu:

Place the entire state in receivorship -sell off the coastal regions to the highest bidder, and allow the interior areas to rejoin the union as our 51st state.

We could break that hold CA has on the Electoral College.


62 posted on 10/03/2008 8:24:02 AM PDT by beancounter13
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To: AU72
Have Arnie collect it from his undocumented citizens.

If he would get rid of his "undocumented citizens" he wouldn't need $7 billion.

63 posted on 10/03/2008 8:26:26 AM PDT by muggs
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To: rabscuttle385

If California’s credit is so bad that they can only borrow from the US Government, they have serious problems.

The US Government needs to tell California its time to cut back. If a “republican” President won’t do that, who will?


64 posted on 10/03/2008 8:26:44 AM PDT by o2bfree
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To: rabscuttle385

There’s a lot of money to be made by drilling off the coast!

Drill, Arnie, Drill!!


65 posted on 10/03/2008 8:28:36 AM PDT by airborne (Don't pray that God is on your side. Instead, pray that you are on God's side!)
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To: rabscuttle385

Citizen to Arnold, kiss my arse and repeal your idiot law spending billions on embryonic stem cell research funded by Californians.


66 posted on 10/03/2008 8:28:47 AM PDT by jwalsh07 (MSM Lied, Journalism Died. RIP 2008)
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To: rabscuttle385

Arnold who does not back the Reublican agenda?
Arnold who has caved on so many liberal’s in California.

Go ask your demorat pals nothing here for you, for Arnie.


67 posted on 10/03/2008 8:31:07 AM PDT by OPS4 (Ops4 God Bless America!)
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To: Liz; SierraWasp; tubebender; BOBTHENAILER; Ernest_at_the_Beach; NormsRevenge

“Cali lost a 2007 legal battle over selling bonds to raise money for the public employees pension fund “CalPers”—— CalPers is holding a lot of “hedge fund securities” backed by “funny mortgages.” Mortgages handed out like candy to unqualified——probably illegal-— borrowers.”

Two years ago after the election, I basically got banned from a friend’s house by his wife, a newly retired teacher.

I apparently made her so upset discussing the bad investments by CalPers during the Gray Davis and Clintoon years and warning her of the possible blow up of Calpers.

She ended up seeing her FP doctor, who had her go to counseling.

Her husband just laughs about it. He said his wife lives in the typical liberal dream world, and anyone who dares to bring reality into their world becomes a scary person, they don’t want to see.


68 posted on 10/03/2008 8:34:04 AM PDT by Grampa Dave ( I do not want to know the type of person, who does not like Sarah !)
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To: rabscuttle385
I guess it never occurred to him to CUT SPENDING?!
69 posted on 10/03/2008 8:35:30 AM PDT by kcvl
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To: bereanway

Gee all blue states. How did that happen?


70 posted on 10/03/2008 8:36:42 AM PDT by Harley (Life is Tough, But It's a Lot Tougher When You're a Liberal.)
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To: rabscuttle385

Just go hat in hand to all the super-rich celebrities who care about the little people, Arnold. They are generous and you will have the money in no time.


71 posted on 10/03/2008 8:36:56 AM PDT by Puddleglum
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To: rabscuttle385
California Gov. Arnold Schwarzenegger, alarmed by the ongoing national financial crisis, warned Treasury Secretary Henry M. Paulson on Thursday that the state might need an emergency loan of as much as $7 billion from the federal government within weeks.

The warning comes as California is close to running out of cash to fund day-to-day government operations


Hey Ah-nold...




72 posted on 10/03/2008 8:37:09 AM PDT by Condor51 (I have guns in my nightstand because a Cop won't fit)
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To: rabscuttle385

I say if California defaults let some other country buy them, I don’t even care if Russia does, let’s just get rid of them ... No Bailout for California, just sell it off.


73 posted on 10/03/2008 8:38:20 AM PDT by Scythian
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To: Puddleglum

PS - Aronold can also hold a concert to Free Tibet and Invade Dafur solicit donations, then secretly add them to the state coffers. That should give him the $$ he needs. Oh, and he can print and sell carbon credits.


74 posted on 10/03/2008 8:40:03 AM PDT by Puddleglum
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To: Grampa Dave; Ernest_at_the_Beach; tubebender; NormsRevenge; Jim Robinson; RonDog
I hope the administration tells Arnold and the tax-and-spend rats in the California legislature to do an obscene act while flapping their wings and flying.

Mmmmmmmm..............I just hope they get that on videotape.

Watching Arnie and the gang performing anatomical gymnastics with themselves would brighten up the Nightly News considerably.

Heck, I'd even be willing to contribute a couple bucks so that Arnie and the Sacramento boys can enjoy a Slim Jim and a Slurpee in the statehouse urinal.

75 posted on 10/03/2008 8:40:58 AM PDT by Liz (Taxpayer: one who works for the govt but doesn't have to take a civil service test. R. Reagan.)
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To: rabscuttle385
Arnie to Paulson; "Zank you, and...........I'll be baaaaaack!!"
76 posted on 10/03/2008 8:42:35 AM PDT by marshmallow
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To: rabscuttle385
Schwarzenegger to U.S.: State may need $7-billion loan

No. Go play in the street. I'm sick up to here with "bailing out" liberal bags of scum.

77 posted on 10/03/2008 8:44:53 AM PDT by Lancey Howard
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To: rabscuttle385
Hey Arnie ~



I can see Disneyland from Tina Fey's back yard!
78 posted on 10/03/2008 8:50:56 AM PDT by Liberty Valance (Keep a simple manner for a happy life ;o)
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To: Grampa Dave
....... she lives in the typical liberal dream world, and (a savvy conservative) who dares to bring reality into their world becomes a scary person, they don’t want to see.....

Two-faced ********.

They thumb their noses at conservatives but have no compunction about---and apparently enjoy---letting us bail them out.

(insert I Hate Liberals icon here)

79 posted on 10/03/2008 8:52:22 AM PDT by Liz (Taxpayer: one who works for the govt but doesn't have to take a civil service test. R. Reagan.)
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To: kellynla; Amerigomag

This is why “out-of-state clowns” post comments on “California threads”.
Who didn’t see this coming?


80 posted on 10/03/2008 8:57:57 AM PDT by Lancey Howard
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