Any CA FR people have idea how Arnuld is going to close the money gap. I think he was betting on a bailout from Hussein but the Islamo-marxist said we are out of money.
Any CA FR people have idea how Arnuld is going to close the money gap. I think he was betting on a bailout from Hussein but the Islamo-marxist said we are out of money.
Yes. Arnold wants to leave behind a smoke screen, under cover of darkness. He just wants to escape and push the $20 billion shortfall on the next governor. This rolling $20 billion shortfall is on its 4th year.
Arnold’s budget is smoke and mirrors. The “plan” to cut $20 billion to make up the deficit is basically, borrow $10 billion, assume a Fed Gov bailout, and assume the rosiest of revenue projections. I kid you not.
It’s all here, including this gem, “the expectation of $5 billion in federal money and $10 billion in proceeds from the sale of bonds for the state government’s cash-flow purposes and for more than $8 billion in unpaid bills.”
Whoever would buy CA bonds is more than brain dead, more than hopeless, more than lobotomized. I would buy Portugal’s bonds before California’s.
http://www.reuters.com/article/idUSTRE6944VC20101005