CA: Massive State Bond Possible ($50 Billion)

LA Times ^ | 11/14/05 | Evan Halper

[NormsRevenge]

Bonds, Bonds, Bonds,, as many as 50 Billion of them .. or more? Oh and a "modest" tax increase and more fees for businesses.

hmmm.. Are those icebergs I see in the distance or is it Mr. FReeze?

I'd go to China too if I knew this trial balloon was gonna be floated.

[Brilliant]

I don't think "possible" is the right word.

[pikachu]

Maybe with each $1,000 in bonds they can also provide you with your own illegal allien.

[BenLurkin]

Well, if only the State Government would cancel all the socialist give-away programs.

Then the real job of government -- such as building roads -- could be paid for on an ongoing basis.

[EagleUSA]

SPEND, TAX, SPEND, TAX, SPEND, TAX, SPEND, TAX.

The bane of California.

[ElkGroveDan]

Gov. Arnold Schwarzenegger is promoting a statewide public works program that may be financed by a bond sale so large it would dwarf previous state borrowings

I hope this puts to rest the notion that so-called "moderate" Republicans are something called "Fiscal Conservatives".

Liberals are liberals, period.

[Brilliant]

The governor hopes to join with Democratic leaders and businesses to address Californians' growing frustration with clogged roadways, polluted water, hospital shortages, overcrowded schools ...

I.e., he has no intention of aligning himself with the GOP.

[Cinnamon Girl]

DON'T DO THIS, ARNOLD!! DON'T DO THIS! DON'T TAKE THE FALL FOR THE SACRAMENTO CLOWNS!

[EagleUSA]

Liberals are liberals, period.
-----
Yes. And the liberal disease has spread too far. We can afford to spend TENS OF BILLIONS on illegal immigrants and massive WELFARE PROGRAMS, but we must borrow and tax the citizen even more.

This is insanity, LIBERAL insanity.

[Carry_Okie]

It would have been bigger had 76 passed.

Even Simon proposed about $35 billion in infrastructure spending. What concerns me is the intent of this "investment." I'd bet the farm it's a real estate scam, in more ways than one.

[Gritty]

One word...

move

[OregonRancher]

Maybe he's just saying "Screw you, if this is what you want, by God, you'll have it spades"

Possibly just helping KA distroy itself a little faster.

[NormsRevenge]

Got moving van?

lol, Thanks, I would , wifey is almost ready to..

[Reeses]

I see this as a scorched earth tactic. Arnold has lost the socialist spending battle. As he retreats he turns California's remaining credit limit into highways, freeways, bridges, ports. It's better than letting the socialists go to town wasting the borrowed money. It's the best he can do.

[kanawa]

[mazahs]

Perhaps CG, but there's an alternative interpretation based on Bush's performance: sink'em in so deep in debt that future entitlement programs will have to be jettisoned to meet the debt service... a variation of trickle down!

[DoughtyOne]

Half of one year's complete budget in one bond sale...

Ah, no thanks.

[NeoCaveman]

I wish I owned Nevada real estate, and a moving van company.

Get out while you still can.

[Extremely Extreme Extremist]

I hope this puts to rest the notion that so-called "moderate" Republicans are something called "Fiscal Conservatives".

But...but...you must elect Republicans no matter what. Do you really want Democrats to win? Go back to DU troll! < /FairOpinion >

[Cinnamon Girl]

Not a good plan for a Republican.