Should the Feds Bail Out Kalifornia? (Freep this poll.)

Business Week ^ | 5/23/2009 | Business Week

[SeattleBruce]

Poll: Should the U.S. Treasury Bail Out California?

[SeattleBruce]

Uh, no, the feds should not penalize producers and responsible folks for the slackers and political pariah that have immersed us into a sea of red ink.

dear leader will find himself squarely against 80% of Americans on this - how does that feel bammy?

[Yossarian]

California needs to “bail out” California - with some colossal budget cuts.

-Yossarain
A Californian

[Lorianne]

Unfair poll.

Where’s the HELL NO! button?

[Safrguns]

LOL... Bail them out with what???? more debt???

Oh come on Kalifornia!!! We FEEL your pain!... LITERALLY!

Try leading the way in the right direction now.

You did it before with Reagan!

[EGPWS]

Should the U.S. Treasury Bail Out California?

We are a nation with a federalist government guaranteeing states rights.

The Fed's are to protect our borders and worry about foreign issues.

States should be allowed to fail....or prosper on their own.

[ChrisInAR]

Out of 404 votes, it is 85% NO :-)

[ChrisInAR]

Who’s gonna bail the fedgov out? I mean, $11 TRILLION + & counting! Isn’t it also “too bog to fail”???

[Liz]

Federal officials unsure about California bailout
Los Angeles Times | May 21, 2009 | Peter Nicholas and Richard Simon
FR Posted on 05/21/2009 4:09:53 PM PDT by americanophile

Reporting from Washington -- Obama administration officials expressed concerns today about California's request for federal intervention in its budget crisis, and even the state's own Congressional delegation is split on the issue. The state has asked the administration to provide loan guarantees for billions of dollars in emergency loans, saying it will soon run out of cash without help from Washington.

But today, Treasury Secretary Timothy F. Geithner expressed doubt that he had the authority, without new congressional legislation, to aid the state under the program set up by Congress to rescue financial institutions. He told a Congressional committee that the primary burden rests with governors and mayors to bring their deficits down. But he added that in order to turn around the economy, "there are things that we've had to do I would never have contemplated doing." (Excerpt) Read more at latimes.com ...

========================================

"Ach der lieber......dat sobanagun Timmhy Gaitneah vont bahilout bankvupt
Kaleefirneeah? Duz he knowh hez puttin a Kennedee in dainjah? Ai getda
nasheenul sumpatty ifn Mariah valls off ov dah skee livt at Suhn Vahlley. "

"Loohk at dah bhailout dem sobanaguns gaive dat Choisey guvner Corzine:

$2.6 billion for Medicaid assistance,
$1.3 billion state "fiscal stabilization,"
$651 million highway invrastructure,
$524 million mass transit,
$279 million Title I grants,
$200 million clean vater programs,
$121 million "wederization" assistance,
$101 million public housing programs,
$56 million vorkforce development,
$34 million child care development,
$27 million community development block gvants.
$609M million for state Dept of Ed svillers.

" Ai gotda refife my caveer. Ai gonnabe dah singin'
cowboy vit Chonnny and Wooty ass my sidekicks."

"Standt by yoe man, geeve him two arms tah cleeng to.
Undt sometheeg varm tah come home to vhen nights ees coldt and lohnely."

"Standt by yoe mahn, undt show dah vorld you lof him.
Keep gifing all dah lof you cahn; Stand by yoe ma-ha-n."

[dynachrome]

Why sure, we can always pring more money!/sarc

FREEP THIS POLL ***PING!*** FRmail me if you want to be added or removed from the Fearless Poll-Freeping Freepers Ping list. And be sure to ping me to any polls that need Freepin', if I miss them. (looks like a medium volume list) (gordongekko909, founder of the pinglist, stays on the list until his ghost signs up for the list)

[dynachrome]

“print” that is....

spelchek be for wimps!

[PubliusMM]

At 2020ET:
Should the US Treasury bail out California?

Yes. Like the banks or auto companies, it’s too big to fail.
14%

No. Californians have to get out of the financial mess on their own.
86%

Total number of votes: 472

Freep’d...

[gwilhelm56]

now FREEPING at 87% NO

had to settle for NO.. couldn’t find button for Hell,NO or F*** NO!!!

[AZ .44 MAG]

Should the US Treasury bail out California?

Yes. Like the banks or auto companies, it’s too big to fail 13%
No. Californians have to get out of the financial mess on their own. 87%

I fled Kalifornica in the 80s. I sure as hell don’t want their problems to follow me now.

[AZ .44 MAG]

I like pringles.

[dynachrome]

I’ve been pringled a few times.

[Clintonfatigued]

Of course not.

[Brilliant]

88% say no... But the only vote that counts is Nancy Pelosi’s.

[AZ .44 MAG]

I’ve been pringled a few times.

You need to get your shot!

[all the best]

Despite his bravado about having stopped the growth of state government, the actual story is that the California budget grew by 122 percent during his eight years as governor, not much of an improvement on the growth rate of 130 percent during the preceding two terms of free-spending liberal Pat Brown. The state bureaucracy increased during Reagan’s administration from 158,000 to 192,000, a rise of nearly 22 percent – hardly squaring with Reagan’s boast of having “stopped the bureaucracy cold.”

Neither is Reagan’s record on taxes any comfort. He started off with a bang by increasing state taxes nearly $1 billion in his first year in office – the biggest tax increase in California history. Income, sales, corporate, bank, liquor, and cigarette taxes were all boosted dramatically. Two more tax hikes – in 1971 and 1972 – raised revenues by another $500 million and $700 million respectively.

By the end of Reagan’s eight years, state income taxes had nearly tripled, from a bite of $7.68 per $1000 of personal income to $19.48. During his administration, California rose in a ranking of the states from twentieth to thirteenth in personal income tax collection per capita, and it rose from fourth to first in per capita revenue from corporate income taxes. As John Vickerman, chief deputy in the legislative analyst’s office in Sacramento, concluded: “Obviously, the tax bite went up under the Reagan regime. It was a significant increase even when you start considering inflationary dollars.... The rate of growth was about the same as his predecessor.” Reagan is now trying to take some credit for Proposition 13 and the popular tax-cutting movements in California. But during his own administration things were quite different; Reagan bitterly fought against similar initiatives in 1968 and 1972.

Moreover, Reagan likes to talk the conservative line that federal programs should, in large part, be turned over to the states, and state programs to the localities, so that government can be closer to the people. But what did he actually do as governor? A large part of his tax increases went to pay for local programs controlled by the state; Reagan accelerated the trend of collecting tax money on the state level to spend on state-controlled local programs. He created seventy-three new state government councils and commissions, with a total budget, in his last year alone, of $12 million. Included was the California Energy Commission, which put the state hip-deep into the energy business: A three-year review process is now required before any new power plant can be constructed in California.

Ronald Reagan is proudest of the welfare reforms he enacted in 1971, which removed more than 510,000 from the welfare rolls by – among other things – forcing adults to support their welfare parents. He then turned around and boosted the amount of welfare paid to those remaining by 43 percent, so that total welfare costs to the taxpayer didn’t decline at all.

So much for Reagan as governor.

[SoCalPol]

Sort of the way many in California feel about those we keep bailing out in states who have Hurricanes, Tornados, Floods, etc.

Billions are spent to clean up and rebuild knowing
there will be again Hurricanes, Tornadoes, Floods, over and over again.