CA: Treasurer aims to sell $15 billion deficit bond by June

AP via San Francisco Chronicle ^ | March 3, 2004 | JIM WASSERMAN

[calcowgirl]

California Treasurer Phil Angelides promised to work quickly to sell a record $15 billion deficit bond passed Tuesday, giving Gov. Arnold Schwarzenegger a crucial victory in his bid to turn around the world's sixth-largest economy.

A companion measure that would require a balanced budget and a state reserve fund to guard against future deficits also easily passed. Both measures had to be approved for either to take effect.

[NormsRevenge]

59 Billion ? ... gulp ..

[kellynla]

"59 Billion ? ... gulp" yea...oh yeaaaaaaaaa!!! They kind of forgot to mention that didn't they, when they were promoting the proposition ...and we'll still be "paying the freight" long after RINOld is out of office. Now where did I put that number for Bekins??? LOL And all of this could have been avoided if RINOld had just had the stones to cut the budget 13% off the top. I won't say "I told you so." But I guess taking all those steroids over the years just turned what testicles he had into raisins! And all we hear from on this forum is a bunch of applauding from RINOld fans who don't live, work or pay taxes in CA. And the rest of the "star struck" crowd who obviously don't read the fine print and/or don't see any further than the end of their noses.
It's an absolutely beautiful day down here! I think I'll take the rest of the day off and go fishin'...Semper Fi, Kelly