To: NormsRevenge
How much have the construction lobbies been giving him?
2 posted on
10/04/2005 9:29:46 AM PDT by
Shermy
To: NormsRevenge
I like them cutting other spending to pay for this stuff.
As it is, between California and the Federal retirement pensions that start for some at only 50 years old, there is no money to pay for that and we are going to have quite a crisis.
Don't look for the inheritance tax to go away in our lifetime folks.
4 posted on
10/04/2005 10:59:31 AM PDT by
A CA Guy
(God Bless America, God bless and keep safe our fighting men and women.)
To: NormsRevenge; Carry_Okie; SierraWasp; Czar; Amerigomag; kellynla; FOG724; tubebender; ...
Currently, about 6% of the state budget goes to paying off debt close to the limit that some Wall Street credit agencies consider acceptable. Living on the edge.
New government borrowing would pose distinct political problems for Schwarzenegger, particularly among his own party. Senate Republican Leader Dick Ackerman of Irvine said his members rejected the idea of an infrastructure bond this year because they believe California has overextended its debt capacity.
At least there is some common sense left in Sacramento.
According to the nonpartisan legislative analyst's office, the percentage of the state's budget that goes to pay off debt has reached 6%. Over the next few years even more debts will come due. By 2009, according to the analyst, paying back debt will account for nearly 7% of the state budget.
This is staggering.
To: NormsRevenge
If the economy turns down the state will become a fiscal train wreck, on a scale never before seen.
7 posted on
10/04/2005 12:42:40 PM PDT by
Wiseghy
(Discontent is the want of self-reliance: it is infirmity of will. – Ralph Waldo Emerson)
To: NormsRevenge; calcowgirl; Grampa Dave; SierraWasp
Cal-Trans is working on many bridges in Humboldt County but not one of them is for a new highway. Most of the money is spent to widen them for bicycles. A few are being retro fitted for dubious earthquake survival...
12 posted on
10/04/2005 4:24:07 PM PDT by
tubebender
(Humboldt County...Where the men are men and so are the women)
To: NormsRevenge
Let's just put the tab on the credit card and pay later! Don't worry about tomorrow since in any case we won't have to pay it. Let that be some one else's problem.
(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)
13 posted on
10/04/2005 5:03:04 PM PDT by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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