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California, Almost Broke, Nears Brink
New York Times ^ | February 16, 2009 | JENNIFER STEINHAUER

Posted on 02/17/2009 11:27:08 PM PST by americanophile

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...grab the popcorn and hope for the worst! Who cares anymore!
1 posted on 02/17/2009 11:27:08 PM PST by americanophile
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To: americanophile

“Another One bites the dust!”


2 posted on 02/17/2009 11:28:30 PM PST by Uncle Miltie (A trillion here, a trillion there, and pretty soon you are talking about Zimbabwe money.)
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To: americanophile

“GO FOR BROKE! GO FOR BROKE!”

With luck, this will be the event that topples California from the #6 position on world economies. (To be replaced by former #7 Texas, of course.)


3 posted on 02/17/2009 11:34:04 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: americanophile

Democrat Run, Democrat Ruined.


4 posted on 02/17/2009 11:36:28 PM PST by Boucheau
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To: americanophile
It has stopped paying counties and issuing income tax refunds and halted thousands of infrastructure projects.

I bet if I wrote them a nice letter and asked them to apply my tax refund to my car registration, I wouldn't get very far...

5 posted on 02/17/2009 11:37:17 PM PST by CurlyDave
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To: CurlyDave

I think they’ve laid off the ‘letter readers’ too! lol


6 posted on 02/17/2009 11:38:13 PM PST by americanophile
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To: americanophile

They are not proposing to kick out illegals, deport illegal criminals and stop all aid to illegals...no, they want a 2.5% income tax hike and a 1% hike in sales tax.

Tax and spend Liberals are the end of CA and the US.

Watch ObamaCarter do it with the complicit Congress.


7 posted on 02/17/2009 11:39:34 PM PST by wac3rd (In the end, we all are Conservative, some just need their lives jolted to realize that fact.)
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To: americanophile
. . . The state has laid off scores of workers and put hundreds more on unpaid furloughs.

And there lies the problem. The State of California has something like 240,000 employees... and they've laid off only "scores" and furloughed "hundreds." That's a drop in the proverbial bucket.

8 posted on 02/17/2009 11:39:45 PM PST by Swordmaker (Remember, the proper pronunciation of IE is "AAAAIIIIIEEEEEEE!)
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To: Spktyr
With any luck, a non-functioning state government will propel our economy from the number 6 position, to the number 5 or better!Actually I think we've fallen to 8 now.
9 posted on 02/17/2009 11:41:09 PM PST by americanophile
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To: wac3rd

Never, that would be inhumane! We have to pay for their medical, public services, education, etc. Millions of them.


10 posted on 02/17/2009 11:42:09 PM PST by americanophile
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To: americanophile

Nah. It’ll be a week before the overfunded but undermaintained road network out there starts to fall apart.

About a week after that, you’ll have riots.


11 posted on 02/17/2009 11:42:38 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: americanophile

The perpetual program state will eventually collapse at some point in the future, with this utter lack of leadership, so better now than when it’s a lot worse. I hope the Repubs hang tough and vote no.


12 posted on 02/17/2009 11:42:41 PM PST by BigFinn
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To: Swordmaker

That’s why I’m hoping for collapse. I really want to see it happen.


13 posted on 02/17/2009 11:42:42 PM PST by americanophile
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To: americanophile

Arnold made his fortune by creating a hypermasculine caricature of a man in the movies—also in real estate—he was a real-estate multimillionaire before he made his first movie. Good for him.

But he has shown what a real man he is not. He is pro-abortion—and the antithesis of masculinity is a man who stands by sucking his thumb while babies are murdered. He is clearly pu%%y-whipped on AGW, the sodomy lobby, and countless other liberal frauds. He has been unable to stand up to the Democrats in the legislature, unable to sell the people on less government, unable to resist any of the retrograde forces at work in California.

A wimp. A cipher.


14 posted on 02/17/2009 11:43:29 PM PST by Arthur McGowan
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To: Spktyr

Oh well, it will give me a chance to use my guns around the neighborhood.


15 posted on 02/17/2009 11:45:06 PM PST by americanophile
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To: americanophile

There are Hollywood tax breaks in that CA plan....during a record revenue (Jan and Feb 09) period...

It seems like the pols dont have the stomach to pass the bad bill.....KFI said the state has hired 8 new positions per day for the last 8 years...or something like that


16 posted on 02/17/2009 11:45:21 PM PST by BurbankKarl
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To: Arthur McGowan

Agreed. Though in fairness, California’s governorship was hobbled years ago. Aside from the interests groups you mention, especially the omnipotent public employee unions, there is so much mandatory state spending based on horrendous statewide initiatives that uneducated voters have passed that it’s an ungovernable nightmare.


17 posted on 02/17/2009 11:48:02 PM PST by americanophile
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To: BurbankKarl

I believe it. The state’s revenue has increased 40% in the last five years. 40%! The commies in the legislature still can’t make it work. California’s government has DOUBLED in size since 1990.


18 posted on 02/17/2009 11:51:44 PM PST by americanophile
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To: BurbankKarl; americanophile

The NYT talks $143,000,000,000 deficits, and “scores” of layoffs in the same paragraph. What’s a score? 20?

As I understand it, 20,000 were notified but 10,000 were actually laid off. Better to whip up the union members that way?

Speaking of unions, Michigan’s UAW sure is more vocal and “intransigent” with regard to their members employed by Ford, GM, & Chrysler. Who pays these California mob bosses anyway?


19 posted on 02/17/2009 11:52:08 PM PST by lainie (The US congress is full to the brim of absolutely disgusting thieves who deserve humiliating ouster.)
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To: BurbankKarl
There are Hollywood tax breaks in that CA plan....during a record revenue (Jan and Feb 09) period...

In California, there is a sales tax exemption for Race Horse breeding stock... but not for working horses or riding horses.

20 posted on 02/17/2009 11:54:05 PM PST by Swordmaker (Remember, the proper pronunciation of IE is "AAAAIIIIIEEEEEEE!)
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