Posted on 05/17/2009 1:06:48 PM PDT by guyshomenet
The end of Washington’s spending spree may soon come thanks to incautious California.
The day care center known as the California Legislature has led the State of Disaster to fiscal ruin. So bad is the situation here in the Shaky State that politicians - unable to balance the budget without bankrupting the taxpayers - rigged a series of ballot propositions to do jigger the books.
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Odds of these ballot measures passing is slightly below Hell’s sixth ring. If they fail, California’s $42 billion shortage combined with its junk bond rating would likely push the Land of Fruits and Nuts into bankruptcy, an outcome for which more than a few folk are openly rooting.
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Bill Lockyer, California’s current Treasurer, gives other trolls a bad name. I encountered Bill years ago when he horded the state’s Attorney General’s office. I briefly debated him on the constitutional basis for gun control. Despite his being a lawyer and me being an autodidact, it quickly became obvious that he was incapable of performing his job or perhaps cleaning himself properly after visiting the little dictators’ room.
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Lockyer has written to Timothy Geithner, a Keystone Cop masquerading as the U.S. Treasury Secretary. Without the shame common to common prostitutes, Lockyer began the pocket picking process, extending his rather greasy palm into the pockets of taxpayers from coast to coast
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Given America’s general distrust of California, you can expect a backlash.
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If the Obama Bunch backs Bill Lockyer in this misappropriation, it will backfire. Tea Parties were tepid compared to the pummeling politicians would receive over this intergovernmental slush fund.
(Excerpt) Read more at guysmith.org ...
Guy,
I truly hope you are right!
It’s been a long time coming!
And the people are PO’ed.
Ya think?
Bankrupt the bastards!!
OFF with their heads!!
If America is a body, California is the a&&.
WT* is going on with our entire country these days? In the middle of the worst economic slump in decades, NOW is the time Obama and his nut-brothers in California decide spending is the wisest decision.
Looks like big government is going to need a bailout from the private sector.
I suspect the rest of the nation will have to bail out California at least a few times before they wash their hands and let it finally collapse.
You just can’t bail CA out without a plan to resolve their core issues and I don’t see how these can be solved.
If California goes bankrupt and is bailed out by the federal government on terms similar to what we’ve seen with the private sector bailouts, then California is arguably no longer a sovereign state. If that happens the legitimacy of their representatives in Congress is very much in question.
An achieve-nothing waste. It would have been better to send a huge check to every American than the boondoggle of all boondoggles called the “stimulus.”
Too bad no way to annex it to D.C.
Fire the unions! Why should we allow our public “servants” to organize against us? They’re robbing us blind!!
Can bankruptcy shake them off?
And is there some way to move FR’s servers to, say, Nevada? So when the Great Riot happens, we do not go off the air?
The trouble is, many states are, or will be in the same predicament!
You can not spend your way to prosperity...hear that Obama and your cult followers?
Be Ever Vigilant!
Your post triggered another thought: if the Feds bail out California, will Obama fire Arnold?
hh
Just as CA leads the nation in so many things, it will be the first state domino to really collapse. If CA can really be fixed, then it could serve as a blueprint for fixing the whole country. This will include entitlement reform, busting unions, eliminating nutty regulations, and streamlining the state workforce. The problem is that the Liberals will probably not admit defeat until there are uncontrollable riots in the street and Sacramento is buring. In short, they will not allow the state to be saved until it is destroyed.
It’s bound to happen. The whole country’s going down the tubes, California first. Torpedoed by big spending, big government.
Hey government worker! I’ve got your raise right here!!
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