Posted on 10/03/2008 8:20:09 AM PDT by Red in Blue PA
California may need an emergency loan of up to $7 billion from the federal government within weeks, the Los Angeles Times on Friday quoted Gov. Arnold Schwarzenegger as saying in a letter to U.S. Treasury Secretary Henry Paulson.
In the letter dated October 2, Schwarzenegger called for the passage of the $700 billion financial industry bailout plan which the U.S. House of Representatives is expected to vote on Friday, the Times said.
“Absent a clear resolution to this financial crisis, California and other states may be unable to obtain the necessary level of financing to maintain government operations and may be forced to turn to the federal treasury for short-term financing,” Schwarzenegger wrote in the letter, according to the paper.
(Excerpt) Read more at msnbc.msn.com ...
But California is the world’s sixth largest economy! That’s what they always tell us poor schlobs in the other 56 states!............
Let California deal with it.
They openly sell POT to anyone.
They elect the worst of the worst.
They let illegals control the political agenda.
Well, outside of Orange County anyway. God Bless them down there.
Time to throw a few billion at climate change and golbal warming ain’t it? 2 fairy tales the libs love.
Who didn’t see this coming?
President to CA: drop dead!
True, but the weather is real nice.
Get it from Pelosi, Marin County and Hollywood. Throw in a few crying towels for good measure.
Condolences to all brave Ca. Freepers for the dreck ruining your beautiful state!
Yeah, everyone has their fricking hand out...tough stuff Arnie, suck it up!
There! I can be Governor!
What does California have for collateral, and what interest rate are they willing to pay?
And why can’t they go to a bank or put out a bond issue like any other government?
How many hundreds of millions of $$$ could Cali save if they started deporting those who dont belong here...no more medical, no more education etc.
What socialist running out of other peoples money, how can this happen in such a workers paradise? Not a dime from the national treasury. Let California do what everyone else does when times get tough...cut back on spending.
Hey Schwarzenegger, go ask Mexico for a bailout seeing your state loves to coddle their illegal invading citizens in your state.
They’re fleeing like rats (or ‘Rats) to Arizona, simultaneously lowering the average IQ of both places.
Like Wesley Snipes
Don't dare as the US for the money.
California, BITE ME! You got yourself into this (typical) liberal mess. Get yourself out of it.
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