Posted on 01/05/2006 4:59:06 PM PST by NormsRevenge
And then what? That's not a stable situation you're describing.
What's love got to do with it? Got to do with it? LOL.
Your guess is as good as mine. I don't know what the heck this state government has in mind for us.
Exactly!
Wow. After reading the transcript, I'm simply amazed. Are the majority of Californians this clueless? His big accomplishment was getting junk food out of the schools? And now he wants to bond (Read: Tax) ya to death?
And I didn't read one word on illegal immigration. Not even a sentence that could be interpreted that way. Yeesh. I'm glad I left when I did.
Stand fast, California Conservatives. You have my prayers!
Could not have said it any better.
This quote would make a great caption for a cartoon depicting the bleached bones of a CA taxpayer's skeleton lying on a beach named bondage that stretches to the horizon!!!
more spending, more loans(bonds) to educate and support illegal aliens.
half of the budget is for education!
we might as well have the Dimwit Davis running the friggin' show in Sacramento.
well I hope all the RINOld fans can now see what electing a liberal gets ya...
with this, RINOld has guaranteed a 'Rat will be elected governor in November.
thanks, RINOld...see what listening to Pete Wilson & Dick Riordan has gotten you!
"see what listening to Pete Wilson & Dick Riordan has gotten you!"
That alone should have been enough to keep any Repubican from voting for him.
"That alone should have been enough to keep any Repubican from voting for him."
well it didn't!
the GOP was against our recall of the Dimwit Davis and the national and state GOP party did not support McClintock and they all jumped on the RINOld bandwagon when he announced including a few turncoats like Hugh Hewitt who had previously supported McClintock and now we're all paying the consequence$!
but as we all know, elections are turned by the registered Independents in CA so there is enough blame to go around!
RINOld should have stayed out of the recall/election process and if he reeeeeely wanted to support the cause, gotten behind McClintock for governor in 2003!
but his ego just wouldn't let him! he just had to be governor of CA.
I do despise most Democrats! They are truly despicable!! Mainly because they are totally disingenuise(sp?)!!!
It is my wish that all Dems be liberals and all Repubs remain conservative so I can have membership in and support a major political party. When Liberals slide over into Republican ranks, or even worse, run for office as Republicans, I am forced to despise them as if they were Democrats! This upsets me way more than if they stay where they belong!!!
Once I'm upset with one of these imposters, or even "wanna be" Republicans, I stay upset with 'em till they're GONE!!!
Looking into my crystal ball(LOL), I see a national conservative party in the horizon made up of not only conservative Republicans but conservative Democrats and conservative Independents. Made up of pro-life, small government, pro-military, anti-illegal immigration, no income taxes and secure borders supporters.
the 'Rat party will become an inconsequential entity if not nonexistentent national party altogether. JMO
I did notice that KRLA played the entire State of the State speech and when it went back to Hugh's program, he didn't even mention that it happened.
I wonder if he will talk about it today?
"I wonder if he will talk about it today?"
I don't know and I don't care.
I quit listening to HH after he "stabbed Tom McClintock in the back" in 2003!
Also, local (L.A. area) talk show hosts -- John Ziegler, KFI and Al Rantel, KABC -- pushed hard for Arnold's election.
Yea, taxes here are already bad enough. I can't wait to get out of this state, but i'm stuck here until at least summer of 2007 =(.
A sampling of answers about state's debt and governor's bond plan
The Associated Press
http://www.bakersfield.com/state_wire/story/5811711p-5827880c.html
Q: What is the governor proposing?
A: Gov. Arnold Schwarzenegger is urging lawmakers to put $68 billion in general obligation bond measures on the ballot to help pay for $222.6 billion in transportation, flood control, school and certain other public works projects. The governor also is asking lawmakers to authorize the sale of another $800 million in lease revenue bonds, which don't require voter approval and sell at higher interest rates than general obligation bonds. The general obligation bond measures would be placed on ballots between 2006 and 2014.
Q: What is a general obligation bond?
A: General obligation bonds are a traditional way of paying for public works projects. Sale of the bonds needs voter approval and paying them off, with interest, is the first obligation of the state treasury.
Q: Why can't the state pay for Schwarzenegger's program without borrowing?
A: A number of legislators support using more of a pay-as-you-go approach to financing public works projects, but the sheer size of the governor's plan would make it difficult to finance just by using year-to-year state revenue.
Q: How much bond debt does the state have now?
A: As of Nov. 1, the state had nearly $53 billion in bond debt. Another $37.2 billion in bonds haven't been sold yet because the money hasn't been needed for the programs the bonds will finance.
Q: How much would Schwarzenegger's plan cost the state in interest?
A: It depends on the interest rate the state has to pay to bond buyers. For example, a 4.6 percent interest rate paid over 30 years would cost taxpayers about 85 cents in interest for every dollar in bonds sold, according to the legislative analyst's office.
Q: How good is the state's credit rating?
A: Not good, although there have been improvements in recent years. California is currently tied with Louisiana as the state with the worst ratings. That means it's paying about two-tenths of a percentage point more in interest on its bonds than states with the highest ratings. Steve Zimmermann, an official with Standard & Poor's, one of the nation's major bond rating houses, says the governor's plan shouldn't result in lower ratings and suggests California's ratings would improve if the state could eliminate persistent budget deficits.
Q: Would the governor's plan freeze out other bond proposals?
A: Possibly. Schwarzenegger also is urging lawmakers to approve a constitutional amendment that would limit annual debt service payments to no more than 6 percent of the state's general fund. Administration officials predict that debt service payments, now at 4.5 percent of general fund revenue, would climb to 5.91 percent in 2014 under the governor's plan before declining.
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Sources: Legislative analyst's office; governor's office; Standard & Poor's.
How poetic!
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