[NormsRevenge]

Why did the Gubinator visit Ken Lay on his way back to California about the time we were experiencing the 2001 energy crisis?

Maybe he wanted a copy of Ken's financials Cook Book. ;-)

calgov2002 schwarzenegger ken lay

[steveegg]

I assume that Grey-out Davis also pulled these shenanigans (I refuse to register to visit the SacBee).

No wonder Arnie wants to spend the surplus instead of returning it in the form of tax breaks. Of course, you guys in California ought to be glad you have surpluses; Jim "Craps" Doyle (WEAC/Potawatomi-For Sale) and the Legislature can't manage to create one here in the land of cheese and beer.

[goldstategop]

Politicians manage and spend money in ways that if the rest of us did it, we would be sent to jail. That's why they lord it over the rest of us and not by any means only in California.

(Denny Crane: "I Don't Want To Socialize With A Pinko Liberal Democrat Commie. Say What You Like About Republicans. We Stick To Our Convictions. Even When We Know We're Dead Wrong.")

[P-40]

Enron Accounting comes from Government Accounting...it was just cleaned up a bit.

[anonsquared]

Does this mean that California can now file for bankruptcy, pay back its debts at cents on the dollar, tell all of the overpaid-freeloading state workers that their pay is half what is was, and that their pensions were just turned over to the PBGC and they'll only be getting a quarter of what they'd been expecting?

[rellimpank]

---and then there is the federal government--

[John Jorsett]

Using phantom revenues to 'balance' the budget has a long history in CA. Just look for the "$10 billion revenue from sale of diamonds embedded in meteor that falls in California in 2007" type items.