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Public Union gets 16-year .. $4.5 Million ..Interest Free Loan from California?
cbs47 ^
| 1-26-12
| cakid1
Posted on 01/26/2012 9:13:08 PM PST by cakid1
You’ve heard that interest rates are low right?
But how about a 0 % interest rate for a $4.5 million loan? Is it free money?
California has reportedly agreed to give a state prison guard union an interest free loan to pay back money that it owes the state.
Published reports say California's prison officers union is getting a multi-million dollar interest-free loan (from taxpayers) to ‘settle a multimillion-dollar debt it owes the state.’
TOPICS: News/Current Events; US: California
KEYWORDS: california; cultureofcorruption; prisonguards; publicemployunions; taxdollarsatwork; unions; unionthugs
1
posted on
01/26/2012 9:13:11 PM PST
by
cakid1
To: cakid1
Wait, whut? They got a loan from the state to repay the loan that they had with the state?
Am I reading that right?
/johnny
To: JRandomFreeper
You got it JRandomFreeper.
Only in California.
How would you like an interest free loan?
3
posted on
01/26/2012 9:23:38 PM PST
by
cakid1
To: cakid1
Sure, if you are offering. I'll gladly pay you on Tuesday (2028) for a hamburger today.
/johnny
To: cakid1
How the hell does that work? They still owe the state 4.5 million.
5
posted on
01/26/2012 9:29:29 PM PST
by
abigailsmybaby
("To understan' the livin', you got ta commune wit' da dead." Minerva)
To: JRandomFreeper
6
posted on
01/26/2012 9:32:35 PM PST
by
cakid1
To: cakid1
‘Cause they have so much money to burn.
And maybe the union can loan some money to the state.
7
posted on
01/26/2012 9:33:34 PM PST
by
Rocky
(REPEAL IT!)
To: abigailsmybaby
But no more interest.
Steve
8
posted on
01/26/2012 9:34:47 PM PST
by
ha maker
(Sanity for lurkers)
To: cakid1
Unions are SOooooo like Vampires.. -or- Tapeworms..
9
posted on
01/26/2012 9:46:03 PM PST
by
hosepipe
(This propaganda has been edited to include some fully orbed hyperbole...)
To: cakid1
Nest step for CA is falling into the ocean.
10
posted on
01/26/2012 9:54:44 PM PST
by
freekitty
(Give me back my conservative vote; then find me a real conservative to vote for)
To: ha maker
11
posted on
01/26/2012 10:55:59 PM PST
by
abigailsmybaby
("To understan' the livin', you got ta commune wit' da dead." Minerva)
To: cakid1
To: abigailsmybaby
How the hell does that work? They still owe the state 4.5 million. Yea, but they're paying back all of the first 4.5 million loan, so we know they're a great credit risk.
To: Cementjungle
Ah...I can see clearly now
14
posted on
01/26/2012 11:16:01 PM PST
by
abigailsmybaby
("To understan' the livin', you got ta commune wit' da dead." Minerva)
To: cakid1
Hey Californians, time to stalk up on those AK47s and Browning autos. Can't clean house with a broom now, it's beyond that. If you are from California and this doesn’t piss you off beyond sanity, you are already lost.
15
posted on
01/26/2012 11:24:54 PM PST
by
fish hawk
(Tebow or Rodman, who would I like to introduce my grandson to? MMmmmmmm)
To: All; cakid1
We need enterprising lawyers to see if there's a legal angle to pursue here.
This is an obscenity. They are stealing money from children's education, starving old people and crumbling our vital infrastructure.
16
posted on
01/27/2012 7:53:23 AM PST
by
newzjunkey
(a FL win returns Romney to the "inevitability" path.)
To: All; cakid1
If the rate of inflation for the next 16 is like the last 16, CA taxpayers could be losing $2 million to inflation on this “loan.”
17
posted on
01/27/2012 7:59:54 AM PST
by
newzjunkey
(a FL win returns Romney to the "inevitability" path.)
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