Posted on 12/20/2010 5:38:04 PM PST by bishop22
As a Californian, I did not need to read past the by-line.
this is akin to when my kids were 10 and told me that their room was clean
Regime Media preposterous propaganda outlet LA Times tells California:
“Everything is GREAT! We democrat politicians and media whores have done a magnificent job. LA, LA, LA, LA, LA, LA, LA, LA, LA, LA, LA, LA, LA, ... I can’t hear you Republicans!!!!”
Explains why things are such a mess.
Correction:
As a Californian, I did not need to read past the bi-line.
We are talking Bill Lockyer.
Geez, I feel so much better now. I guess I was worried over nothing.
They’re serious?
They actually don’t think there is a problem in the state of California?
Well - it’s people like this who are running the show out there, so what do you want me to say?
And it’s only going to get worse when Harris & Moonbeam join Boxer & Feinstein in January.
Well! I’m glad California is doing so well and has no need to raise taxes or beg for federal bailout dollars.
Whenever I hear pols talk about how things aren’t as screwed up as they obviously are, I want challenge them, “then, in say 2 years, December 2012, if CA is indeed forced to default on its bond debt, then can we count on you to immediately resign your position as State Treasurer, refund to the State the amount you will have been paid in salary from today until December 2012; and pledge to never be involved with California politics at any later time?
Nissan N.A. didn’t run to Franklin, TN for the surf.
State coffers shrinking by leaps and bounds as business and the productive flee the state.
With the new progressive politicians taking office in January the state will be a totally controlled by Socialist environmental nazis Hell bent on driving energy cost through the roof and regulating the crap out of the remaining business’s
Never in the history of the State (or probably mankind) has there been this level of debt. And the debt can only continue to explode with mandated public (tax-payer funded) pension plans that are enormous at this time and will continue to balloon with no end in sight...
And the only tool in the toolbox of these Dems is to raise taxes/fees - which would impoverish the State further...
There are solutions: privatize the government schools; sell public land; void and rework the public pensions; evict the millions of illegal invaders who live off the public largess... But there is no political will to get the job done.... Just smile and say all is well.
Right.
California will bankrupt. Those pensions are toast. JMHO
If they aren’t broke, why are they borrowing Billions of dollars to pay their retirements?
I hope the whole state burns in hell.
The federal government will bail California out. Bank on it!
Ah, yes. Of course. Now that a RAT is about to take over Governorship, everything is hunky-dory.
I think the LA Times is laying the groundwork for a long term federal loan or buying of CA bonds. Throughout the article it does not include the unfunded liabilities such as shortfalls in pension fund and what happens to those stats when interest rates start to rise due to inflationary pressures and falling bond prices. Starting to happen to long term Fed bonds, same will apply to state and local bonds. Time will tell.
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