To: wafflehouse; Leisler; PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; nicksaunt; ...
*Ping!*
2 posted on
07/06/2009 2:40:15 PM PDT by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: rabscuttle385
3 posted on
07/06/2009 2:40:44 PM PDT by
spald
To: rabscuttle385
Don’t bother me until after the Michael Jackson funeral!
/sarc
To: rabscuttle385
The Cali moonbats need to spend more, that should do it.
To: rabscuttle385
Apparently the IOUs that were issued are tranferable.
They are now being bargained for pennies on the dollar. I wouldn’t do business with the state of California unless I was given cash up-front.
Which is exactly how those issuing junk bonds should be dealt with.
7 posted on
07/06/2009 2:44:50 PM PDT by
kidd
(Obama: The triumph of hope over evidence)
To: rabscuttle385
8 posted on
07/06/2009 2:48:32 PM PDT by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money.)
To: rabscuttle385
If any corporation in the country were passing out IOUs instead of paying its bills, it would be ranked in default (Either DDD, DD or D in the Fitch system).
9 posted on
07/06/2009 2:50:56 PM PDT by
KarlInOhio
(Fannie Mae, Freddie Mac, AIG, Chrysler and GM are what Marx meant by the means of production.)
To: rabscuttle385
This while Assembly Speaker Karen Bass (D - Los Angeles) boycotts the budget talks.
12 posted on
07/06/2009 3:11:17 PM PDT by
Mariner
To: rabscuttle385
...in other news, Democrats refused the notion of ending the lifetime pensions and benefits for state workers...
14 posted on
07/06/2009 3:22:40 PM PDT by
wac3rd
(80 Carter/Obama 08)
To: rabscuttle385
The feds are also insolvent. I wonder how long until their rating gets cut.
I long for the day when the federal government has to scale back to a level for which it can REALLY fund. Their days of printing and spending money they don’t have, and doesn’t even exist MUST come to an eventual end. They can’t continue this way forever.
It looks like the failed state of California is facing that reality now. This is lots of fun to watch!
15 posted on
07/06/2009 5:58:36 PM PDT by
KoRn
(Department of Homeland Security, Certified - "Right Wing Extremist")
To: rabscuttle385; ExTexasRedhead; calcowgirl; doug from upland; NormsRevenge; SierraWasp; ...
If Democrats win the Governorship, don’t be surprised if he pushes for a state stimulous bill of some kind. Ugh, I’m so glad to be out of that state.
16 posted on
07/06/2009 6:23:36 PM PDT by
Clintonfatigued
(The McCain/Palin ticket was like a Kangaroo, stronger on the bottom than at the top)
To: rabscuttle385
From those of us who love watching a good train wreck... let’s just sit back and let this thing spin for awhile!
19 posted on
07/06/2009 11:34:17 PM PDT by
April Lexington
(Study the constitution so you know what they are taking away!)
To: rabscuttle385
I'm beginning to wonder if I have been wrong. Maybe California and the US government CAN just keep borrowing forever. Why bother with taxes that so irritate taxpaying citizens? Abolish taxes! Just print and borrow the money you need and then spend it into the economy.
Eferyvon vill get rich, Ja! Und zen vee vill haf da perfect ekonomy, Ja! No more taxes und unlimited goferment spending, Ja?! Das perfect velt!
21 posted on
07/06/2009 11:38:52 PM PDT by
April Lexington
(Study the constitution so you know what they are taking away!)
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