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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.

Oh he's in trouble now! Doesn't he know that everything is hunky dory now that Arnold has saved us?

Good thing it was Ackerman. If Angelides had said that the State was overextended we'd be "with the Democrats" unless we disagreed. Good thing that they so seldom say anything accurate, and when they do it's usually for the wrong reasons.

By 2009, according to the analyst, paying back debt will account for nearly 7% of the state budget.

And that is without the $50-60 BILLION in new borrowing Arnold wants for us.

9 posted on 10/04/2005 1:08:55 PM PDT by Carry_Okie (The environment is too complex and too important to manage by central planning.)

To: Carry_Okie; calcowgirl; NormsRevenge; FOG724

Whoooooooop!!! Dere it is!!!

10 posted on 10/04/2005 1:14:45 PM PDT by SierraWasp (The only thing that can save CA is making eastern CA the 51st state called Sierra Republic!!!)

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