[freedomdefender]

what does this mean for Arnold? will he now have to start acting like a Republican on budget issues?

[ElkGroveDan]

what does this mean for Arnold? will he now have to start acting like a Republican on budget issues?

Are you being sarcastic? This is nothing more than evidence of how far to the left he's gone. The "end of partisanship" means that Republicans should surrender and go home."

[calcowgirl]

what does this mean for Arnold? will he now have to start acting like a Republican on budget issues?

Heck no! The man has grown government faster than a Dem could have dreamed and to finance it, he's deferred, borrowed (this time unsuccessfully), raised fees, and entered into special deals with Indian tribes. But the next big scheme will come as he pumps up the volume for his proposed Public Private Partnerships, helping his cohorts loot Government assets if they will pump some one time cash into the State's revenue coffers, in return. Think about the possibilities of his privatization deals: tollroads, bridges, ports, other privately run highways, schools, housing, security, etc. This man has 3 more years to payoff his donors through sweet deals and favorable legislation. He's only halfway done in his 2 term governorship. Hang on!

[Liz]

Cali losing legal battle over pension bonds----may add to budget concerns-----depriving Cali of monies to help close the 2008-09 budget’s estimated $5 billion-plus deficit. Schwarzenegger and Democratic leaders have proposed balancing the current 2007-08 fiscal year budget with billions of dollars from a prior-year tax windfall .......CalPers is holding a lot of “hedge fund securities” (read legalized gambling) backed by “funny” mortgages.

freedomdefender asks: "What does this mean for Arnold? Will he now have to start acting like a Republican on budget issues?"

REPLY This could be VERY serious for Arnie, Democratic leaders, and CalPERS; actually it could be a VERY BIG CRIME.

As an example, one state government (in New Jersey) is currently under federal investigation b/c it is alleged the state government misled taxpayers (and tax-exempt investors) about the whereabouts of New Jersey state pension fund contributions (and tax-exempt monies raised through selling tax-exempt bonds). It is further alleged that the state DIVERTED tax-exempt monies meant for the pension fund to other areas, without the knowledge and consent of voters or tax-exempt investors.

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Now the SEC, the DOJ, and the IRS, does not like to hear that taxes (and tax-exempt monies) were used inappropriately.

Concerns about the use of Cali taxes and tax-exempt monies may be forwarded to the following:

CONTACT THE DOJ EMAIL AskDOJ@USdoj.gov

CONTACT THE SEC EMAIL enforcement@SEC.gov

CONTACT THE IRS (remain anonymous if you wish).
PHONE TOLL FREE 1-800-829-0433

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NOTE Forcing taxpayers to underwrite crimes against the state without their knowledge or consent is second-degree coercion, and should be prosecuted at once.