Posted on 11/16/2008 9:32:56 AM PST by John Jorsett
If you've been elected to something somewhere in California, you're probably writing a wish list for President-elect Barack Obama.
With the inauguration about nine weeks away, Long Beach Mayor Bob Foster is seeking $111 million to replace 28 miles of storm drains. State Sen. Darrell Steinberg (D-Sacramento) is talking up $321 million for sewage-treatment plants and clean-water facilities.
Los Angeles City Councilman Bill Rosendahl wants a light-rail line to Los Angeles International Airport. And money for homeless veterans. And did he mention universal healthcare?
"The sooner he focuses on healthcare, the better," said Rosendahl, who represents coastal neighborhoods such as Venice and Playa del Rey. "It's as important a priority as getting out of Iraq."
Jubilant over the arrival of a Democrat in the White House, government agencies across this heavily Democratic state are hoping not just for a piece of an upcoming stimulus package but also for four years of a California-friendly administration.
California politicians remember the bond that President Bill Clinton forged with the Golden State a decade ago -- and the money that came with it. So this year, the policy pitches and outright shopping lists have an especially broad sweep, taking in such topics as education, energy, transportation, housing, healthcare, job training, immigration and air quality, among others.
Even Gov. Arnold Schwarzenegger, who was stumping for Sen. John McCain just a few weeks ago, has begun saying the state will thrive if Obama is successful. Last week, he reminded business leaders in Fresno that the state generates more in federal taxes than itreceives in services and funding -- something generally true of states with large numbers of wealthy residents.
"There's 40-some billion dollars they are holding back," Schwarzenegger said. "So it's not like we are asking for a bailout, because it's our money."
(Excerpt) Read more at latimes.com ...
Looks like leftists think we just elected Santa Claus. Who knows, they might be right.
I want a pony.
LMAO! "Save us Messiah!" deliver us a heapin bounty of riches oh great one, for we are clueless, and can't understand why no matter how much we spend, and no matter how much we tax to cover it, revenues head in the opposite direction"
“Oh, I wish I were an Oscar Mayer wiener”
(it is a California wish list list)
Looks like a whole lot of people are in for a whole lot of disappointment.
The truth of the matter is that Obama’s cornucopia is going to stuck in reverse. Across the board the federal budget might have to be cut by 25% in the first year, because tax revenues are going to drop by double digits and nobody is left that will loan the US government money.
This means, what tax revenues he gets is ALL he can spend, not a penny more. And if he runs out of money, he has to close down part of the government to pay for the critical parts.
He can’t even win by printing money, because any debt from that are instantly monetized into inflation. Imagine that you get paid $100, and as soon as you get the money, the price of everything jumps by $100.
A piece of gum that cost 25 cents now costs $100.25.
Obama is boned, and he doesn’t even know it yet.
Do you think any of the clowns left in Washington understand economics well enough to figure this out? I don’t.
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