You'd be nuts to oppose this!
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This must be a parody? Surely tax and spend socialism has not betrayed these blue states and left them begging for loans? Say it ain’t so.
MA, then CA. Who’s next, MD?
Another Blue State goes belly up?
Which State is Barney Fag from?
No Money.
Make them sell land to the fed for nuclear waste.
Hmm, first California asks to be bailed out. Now Massachusetts. The two most liberal states in the nation. Broke and now grubbing for other people’s money to pay their bills. Think people will make the connection? Should be obvious, but I’m not hopeful.
NO MORE FORIEGN AID!
Blame Bush time again.....gimme a loan......
Of course the Democrats need cover in Massachusetts when they bring in option two: RAISE TAXES.
Here in PA our own Democrat governor Ed Rendell is dropping hints of a gas tax hike.
One GOP state rep. in my area said a few days ago that tax increases are coming in PA.
They passed a budget with a billion dollar hole last summer and now they say its two to three billion.
Our gambling money is dedicated to limiting school property tax increases with band aid drops of money.
The gig is up for liberal tax and spend policy and now is the time to ride like Paul Revere.
“Higher taxes are coming....higher taxes are coming...”
Massachusetts has a Rainy Day Fund of 2.5 Billion dollars and the state treasurer is looking for a low interest loan to cover a 223 million dollar shortfall! To my corrupt state politicians .... it is raining.
It is good for the banks to be in line first for the government handouts, before the treasury runs dry. Printing more money will just lead to hyper-inflation. And if that happens, hang on! You best get your house in order now.
The state administrators are asserting that the problem is caused by a lack of access to short term debt.
I believe that they are correct in their assessment. They are most certainly having problems accessing short term debt.
But what they cite as the problem - is really an excuse.
The problem is incompetent fiscal policy - pure and simple.
As heavily as they tax their residents, Massachusetts STILL needs a bailout???? Of course, their answer will be HIGHER taxes, instead of realizing that if they LOWER taxes, it will bring business in to their state, increase employment, and increase revenue by making the pie larger. No, they would never, ever do that.
Massachusetts and California? Why don’t these liberal havens just raise taxes to meet expenses? But, they don’t have much to worry about with Kennedy, Frank and Pelosi in their corner.
Soooo,
What happens when the federal govt. loans say Calif. or Mass. a passel of money and the state defaults on the loan?
Does uncle sam just write it off?
You all just keep overspending on all those liberal social programs you damned politicians.
Governor Patrick could easily negotiate an outright gift of the necessary funds from Moscow, in exchange for which the Russians would make only a few merely nominal demands, such as, e.g., a Russian naval base in Boston Harbor. There aren’t many Massachusetts residents who would object to that.
Be proud little proletariat's, and work hard for your mother, the State, or you won't get your pudding.
Blue state economics work so well, let’s do it on a national level! Yeah!
Dayum....
Mass is in the MESS they are in because of it’s corrupt LIBERAL government and politicians and liberal tax and spend policies. They have been pooping in their own bed for years. Now that they have reached the point where they can not tax their people any higher and the masses are leaving the state in droves they expect you and me to come to the rescue with our precious tax dollars. NOT ON YOUR LIFE! YOU MADE THE MESS, YOU CHOSE CADILAC PATRICK, NOW CLEAN UP YOUR OWN MESS AND KEEP YOUR HANDS OUT OF OUR POCKETS!
Is this the line for the government shoveling money out the door? I brought my dump truck.
Free money, this is great!
The NYT’s has plenty of money, borrow it from them. Tee Hee Gufaw Gufaw
California, now Massachusetts, the line is going to get pretty long.
To be fair, Mass state treasurer, is not asking for a bail out, as you title implies, he is asking for credit terms from Uncle Sammy that are much better than terms he will get in the private sector.
Credit terns have moved up dramatically as of late, (I wonder why !)
Is he irresponsible to ask? Probably not as to try and save the state money.
Congress started this mess by being the "white Knight" saving the day by loaning cheap money, they need to fix it before every entity asks for the same great terms
Or they could ask all the Democrat thieves to turn in the millions they already bilked from the US taxpayers during the Big Dig. Those billions should get them over the hump.
The US taxpayers owe absolutely nothing to MA.
Sell the “Scaramouche!!!”
Why in the world would the federal government loan money to such an incompetently run and corrupt state as Massachusetts? So Mass can continue to pay for the Third Harbor Tunnel Mess?; So they can insist on having high paid police officers work as glorified flagmen at construction sites?; So they can continue to subsidize the education of students at State Schools who are getting four year degrees that qualify them to do nothing?
Screw Massachushits the state that gave us Barney Frank.
