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California Legislature called into special session on budget deficit
Los Angeles Times ^ | November 12, 2010 | Shane Goldmacher,

Posted on 11/13/2010 1:43:35 PM PST by Ernest_at_the_Beach

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To: calcowgirl

Hmm. Is this recent? We they not facing a fiscal emergency on Nov. 2? Just sayin’, Arnold.


21 posted on 11/13/2010 3:32:49 PM PST by fightinJAG (Step away from the toilet. Let the housing market flush.)
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To: Ernest_at_the_Beach

The current budget was designed to do one thing: Get the rats through the election without pissing off any of their constituent groups.

Everybody knew it was BS except for the morons who vote for rats anyway - and they don’t care. It’s not their money.


22 posted on 11/13/2010 3:56:11 PM PST by telebob
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To: telebob

So just in the course of a couple weeks the budget suddenly mushroomed into a full blown crisis.
We conservatives in CA need to double up on going Galt and starve the state of money over the next few months. Avoid big purchases or buy over the net or out of state. Delay paying taxes as long as possible.
There is little hope reason will prevail because those who get paid by the state and those who pay nothing to the state in taxes now dominate in politics. The only thing they will understand is flat running out of money and those willing to lend. Good time to sell your CA bonds also.


23 posted on 11/13/2010 4:08:25 PM PST by Oldexpat
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To: BillyBoy

“Hope all the Arnoldbots who voted for this socialist enjoyed their seven years of “Republican rule”

Arnold.... smarnold....California is ruled by an overwhelmingly Democrat legislature and the public employees unions.....and that isn’t gonna change....what will change is that we’ll have a rubber stamp Governor in Moonbeam Brown..... (he’s Joe Biden’s older brother so there’ll be a lot of gaffes along the way to keep the little people amused)

BTW 60% of the Californa budget goes to “Education”.....read the CTA (California Teachers Association).....It’s for the children don’tcha know!

Hold on to your 2nd Amendment Rights....they’re about to go out the window....by gun grabbers/onerous legislation....laws that Arnold almost always vetoed.....but Jerry won’t.......hello high crime!

After a couple of years with Jerry we’ll be looking back to Arnold’s Administration with nostolgia for those “better” times......

Sorry, but it can’t go anywhere but down given the Nov 2 results......I think I’m gonna be sick......

Illinois ain’t much better.....maybe you should tend your own cesspool........


24 posted on 11/13/2010 4:24:07 PM PST by Forty-Niner (We're Coming back again in 2012! RINOs out In the Primary. Conservative Repubs in in the General!)
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To: BillyBoy

They are going to try to get the Lame Ducks to bail em out. Last chance ya know.


25 posted on 11/13/2010 4:29:09 PM PST by screaminsunshine (Americanism vs Communism)
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To: Oldexpat

It was a full blown crisis before - they just conspired to push it down the road a little further. The governor, the legislature and the media gave it a wink and a nod for the rubes.

And as we see, that maneuver cost a further 6B or so.

As for CA bonds - who the hell would buy them? They’re being pimped on the radio now. ‘Be the first on your block to buy into the exciting, dynamic State of California...’.


26 posted on 11/13/2010 4:33:49 PM PST by telebob
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To: Ernest_at_the_Beach
This is not true! I had a leftist moonbat friend from California tell me that the state is not broke the only problem they have is that companies and the rich aren't paying their fair share and should be taxed more.

They truly fail to see the correlation between taxes, fees and regulations and companies pulling up and moving to other states that say, "hey come on."

27 posted on 11/13/2010 4:38:31 PM PST by engrpat (A village in Kenya is missing their idiot...lets send him back)
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To: BillyBoy
Isn't it interesting that in another thread that California residents had the highest credit scores, actually tied with NY and MA, in the country and the state they live in is bankrupted and ranked 49th for credit worthiness in the country.
Californians get ready to bail out the state.
28 posted on 11/13/2010 5:56:21 PM PST by Kozy (Calling Al Gore)
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To: ThomasThomas

I thought Ahnold could have run again, because his “first” term (2003-06) was technically Gray Dufus’s unfinished second term.


29 posted on 11/13/2010 8:51:30 PM PST by rfp1234
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To: Domangart
Agree, lets let MOON BEAM Jerry Brown try and fix it!

Close California!

30 posted on 11/13/2010 9:26:37 PM PST by agincourt1415 (Republicans please don't mess up this chance! Elect REAL Conservatives 2010! PERFECT STORM!)
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To: agincourt1415

And . . . (drum roll) . . . the obvious solution to California’s problems are:

1. Raise taxes and fees.
2. Spend money that doesn’t exist.
3. Write more onerous regulations on businesses.

Yeah, that’s it! It’s worked so well before — NOT.


31 posted on 11/14/2010 2:39:49 AM PST by MasterGunner01 (To err is human; to forgive is not our policy. -- SEAL Team SIX)
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