Posted on 11/20/2008 8:58:02 AM PST by NormsRevenge
Assembly Speaker Karen Bass touted Uncle Sam as a realistic savior Wednesday for California's multibillion-dollar budget shortfall – but critics say the tactic could backfire by raising false hopes.
"I'm still concerned that some folks are looking at this in isolation and not in its national and international context," Bass said of a projected budget gap of $27.8 billion over two years.
Rather than Gov. Arnold Schwarzenegger's approach of bridging the gap by roughly a 50-50 formula of tax increases and program cuts, Bass said it's realistic to turn to federal officials for a bailout that would avoid cuts.
"I don't want to go there," the Los Angeles Democrat said of cuts to education, health care or other key services. "I want to split the baby in half, too. I want to do 50 percent revenue, and 50 percent support from the federal government."
Schwarzenegger has expressed interest in seeking federal assistance, but not before the state eases its fiscal crisis.
"Basically, what he's said is that we need to get our own house in order before we can expect the federal government to help us," spokesman Aaron McLear said.
Wayne Johnson, a GOP strategist, said that Bass' trumpeting of a bailout could harm budget talks by diverting attention from the need to control state spending.
(Excerpt) Read more at sacbee.com ...
She wants to split ‘the baby’ in half.
Half Fed bail-out and half tax hikes.
Pretty innovative , huh?
Typical Dem.
STOP SPENDING MONEY you bunch of fools. Their budget is higher than the revenue. I remember an old Prof say one time....”When the government keeps the people broke, they have them under control.”
What kind of buffoon ADMITS to wanting “to split the baby in half”?! Wasn’t that King Solomon’s point: that splitting the baby in half will kill it, so splitting the baby in half is not a good decision?
bailout by whom...the US Treasury is a littl low right now...and the hand-out line is very long....
Taxes under Obama are going up to Carter-administration rates. Inflation’s going to skyrocket too; he’s going to have to print money to “bail out” all the deadbeats who are going to come out of his party’s woodwork.
Half Fed bail-out and half tax hikes.
Pretty innovative , huh?
Typical Dem.
Yep.... 50-50
Taxpayer Money and Taxpayer Money
Special (D) logic at play here...:^)
"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
Classic!
Funny how the Democratic brand is NEVER damaged by running the largest state in the country into the ground!
—
Seems to be true at the national level as well and the global, which is a chilling thought and a sad commentary on the leftist adoring media. activist reporters, how chic!
Below is the link to the current Yahoo Poll re bailing out Kalifornikator:
http://js.polls.yahoo.com/quiz/quiziframe.php?poll_id=45602
Bailout for California?
. The state’s dire $21 billion budget shortfall is threatening severe cuts in education and state layoffs. Some are speculating the desperate times may necessitate the desperate measure of a federal bailout similar to the ones doled out to banks deemed “too big to fail.”
Do you support a federal bailout for California?
Yes. We cannot let a state so big go bankrupt. 12%
Somewhat. The government should provide some funds if the problems persist. 6%
No. The state’s voters and lawmakers need to fix this problem on their own. 81%
Not sure/No opinion. 1%
5673 votes
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