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 ...
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FR Keyword: moneylist
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Main Street to Haight-Ashbury: Go pound sand.
My understanding from an earlier article is Cali isn’t the only state that will soon be in the welfare line, Illinois and NY are right behind.
.
Exactly! Tell Arnold to FORGET IT...
"The origin of the expression go pound sand is from a longer expression, not to know (have enough sense to) pound sand down a rathole. Filling rat holes with sand is menial work, and telling someone to pound sand down a hole is like telling them to go fly a kite. The expression dates to at least 1912 and is common in the midwestern United States."
http://www.urbandictionary.com/define.php?term=pound%20sand
Not one thin dime of taxpayer money should go to bail out this bunch of Leftists. Let the profligate dunces the voters put in office get them out of this mess without our help.
Had CA allowed oil production off its coast the past decade, they wouldn’t need a bailout.
Arnie sucks as a governor. Not that he’s a secret Dem or anything.
Hey Arnold-call your hollywood buddies-Speilberg, Streisand, Clooney, Damon etc-they shouldn’t have any problem coming up with a “loan” for you.
Let them go bankrupt.
Forcing one state to subsidize another, especially when the subsidized state is operating on quasi-Socialism, is not only unconstitutional but just plain wrong.
Cut spending! TAXES are too much in California and revenues are going to fall radically.
CUT SPENDING ARNIE!
Can't we all just get a loan?
Schwarzenegger has managed to make Gray Davis look like a fiscal conservative. Without question he is the worst governor we have ever had. And he has some pretty strong competition.
NO NO NO!. Do it the California Liberal way...Tax The Rich...Actors. Tax ALL their money. Take the profits of Striesand and give them to the little guy.
Wait, don’t tell me, let me guess. Red states or Blue states?
Alex, I’ll say BLUE STATES.
That’s a ‘fair to midlin’ answer.
This is the next big Rat spending financial meltdown coming. Rat states ...CA IL NJ NY..Can’t survive a recession. They done spent and borrowed evrry penny. Beholding yo unions,minorities and illegals the y can’t cut spending. A lot off cities are in the same shape
This should cause another financial crisis.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
I wonder how much of this is Arnold spreading FUD to stampede Calif congressmen to vote to bail out all the gamblers...
Hey Henry! Arnold!
I could use about 70 grand!
I would hope that Schwarz had managed in all the time he’s been there to put California in play. Reagan did. Nixon did.
But Shwarz has played the radical leftie Rino, and because of that he has nothing to distinguish himself from the liberals with.
If he’d tried just a few conservative principles and his state were flying high, he’d be a high roller. But, he tried nothing conservative, the state looks just like it did when one liberal took over from another liberal, and his name will be remembered for nothing but Conan and muscles.
Scwarz blew a chance at history.
We'll get BACH to you, Arnold.
Have Arnie collect it from his undocumented citizens.
TS, Arnuald!
Take it out your global warming fund, Arnold. You jerk.
This was totally predictable. With the dems, bad behavior is always rewarded—particularly if it’s their friends who are involved.
No more subprime loans.
Won’t be funny when they get it. It will start a stampede of poorly run states and then cities begging for money. Bush needs to put his foot down.
“California Gov. Arnold Schwarzenegger, alarmed by the ongoing national financial crisis”
Uuuuuuuhhhhhhhmmmmmm, Arnold, weren’t you listening last night when Governor Palin talked about how her state raised revenue — its called, “drill baby drill.” But I digress.
“Have Arnie collect it from his undocumented citizens”
Ask Mexico to loan “it’s citizens of the world,” the money...
Dear California:
in 2005 the US Bankrupcy code was revised to include municipal bankruptcies.
the law is there for you to use.
enjoy
pissed off taxpayers.
there is a reason the USA drinks coffee and not tea
Maybe I should call my Democrat Congressman (Arcuri), and two Democrat Senators (Hillary & Schumky), and demand a bail out. I’m tired of giving, and never getting.
To Schwarzeneggar’s request, there ought be given either the short answer, or the long answer.
The short answer = “no”
The Long answer is = “hell no”
Maybe his Kennedy relatives can loan him some $$$
Thank God for the Initiative, Referendum and Recall (thank you REPUBLICAN Governor Hiram Johnson!) which provided some property tax relief with Proposition 13 in the late 1970s.
Tell California to cut spending until it's in line with revenues, and not to raise taxes!
BTTT
But the idiots running government don’t get it. Never have never will, until it’s too late, and late is very close.
—as I have been saying for years, Commiefornia politicians of both flavors expect Uncle Sam to bail it out-—
Why doesn’t government (any government at any level) have to live within it’s means? If the state of California has to cut its budget, then let the state of California cut its budget; fire some of the employees and cut the benefits for illegals.
Those rich CA actors shouldn’t mind.
After all, they agree that American’s don’t pay enough taxes.
Arnold should open his own personal vault and loan CA the money.
Drill Arnold or shut up
I live here, and I hope the Feds tell CA to pound sand.
California is trending wrong, in just about everything.
The state is well and truly lost. The only question is when, and how, the collapse happens.
The rest of America should only be concerned with preventing Mexico from actually taking back the state a-la Santa Ana.
Otherwise, let all the liberal policies work.
To the end... It will be messy. A lot of people will move out of the state.
Real estate will collapse, to such an extent as to re-write history books. Social order will probably become somewhat less orderly, in the larger cities.
Finally the state will go truly bankrupt. Some of the worst spending mistakes will be corrected. The budgeting process will be improved. And 10 years from now, the state will get back on its feet.
Then. Some of us will move (back) in. :)
Rodney, you deserve a time out for that. (snicker)
Ask Mexico for the loan, Arnie.
This makes me SOOO angry. Politicians are out there telling us WE have to tighten our belts and that they’re even going to raise our taxes because of the deficit. Then they spend their states into oblivion. Why don’t the governments EVER tighten their belts? It’s always “gimme, gimme, gimme” and then when they spend it all AND MORE, they come back with more “gimme, gimme, gimme”.
We need a taxpayer revolt and a complete house cleaning at all levels of government - pronto.
How about this, Arnie. CUT SPENDING NOW!
Who else do we need to bail out?
This time its different. They can hang on the coat tails of the make believe financial crisis. Citibank bluff was just exposed by Wells Fargo.
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