Posted on 01/27/2002 8:49:00 PM PST by Ernest_at_the_Beach
Edited on 04/12/2004 5:32:48 PM PDT by Jim Robinson. [history]
Enron was formed from the 1986 merger of two natural gas pipeline companies and, with its charismatic chairman, Ken Lay, at the helm, quickly grew into one of the nation's largest firms by concentrating on the financial end of the energy and communications fields.
(Excerpt) Read more at sacbee.com ...
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This guy is taking credit for raising public school spending 30%. The state budget is up 35% as a whole and they are still talking about buying land!
To add fuel to the fire Tommy Thompson just put Davis on the spot by approving more welfare for parents who's children are on Medi-Cal....Davis will have to come up with the money for matching funds and if he doesn't the Republicans can beat him over the head with it for not funding such a worthy program.
"Standing at Thompson's side, Gov. Gray Davis vowed to find the $200 million in state matching funds needed to make health coverage available to these uninsured parents in "four to five months.""
See it here:
Davis confronts stormy 'media weather' as he seeks re-election
See it here:
Davis confronts stormy 'media weather' as he seeks re-election
I'm not too hot on the welfare part but it looks like a great but subtle strategy to put more fiscal pressure on him....How could he have turned that down now?
Time to close down for the night!
"Borrowing short and lending long has been one of the classical recipes for vulnerability."--Harold Wilson, Prime Minister of England, 4/14/65
hope you have one of those nasty 4x4 SUV's!
Davis wants spending reductions to cover just a fifth of the budget gap. The remainder would be bridged, if he has his way, through borrowings, direct and indirect, low-balling spending projections and maximizing forecasts of revenues over the next 18 months, including more than a billion dollars in federal aid that's nearly pure fiction.
Does Davis really think that the rating agencies will buy this kind of slight-of-hand?!? I don't think that the rating agencies will tollerate such an approach. The rating agencies have already said that California will not be able to solve its liquidity and cash problems by program cuts alone.
So Davis is scrambling to provide himself with a "plausible deniability" by being able to say he had alterneatives to tax increases. Neither Davis nor the Legislature have viable alternatives to having to raise taxes during an electrion year and Wall Street intends to hold the Democrats feet to the fire on this one!!!
At least I wuz smart enuf not ta put my lips on thuh pump handul!!!
Hay, Ernesto_@_da_Beacho, I betcha you ain't evun got any goose flesh down in that So. CA hot-house, right?(shiver,shiver)
I hear tell that supercod's part uv da yoo nited straits is havin local globel warmin this year, is that true, cod-man?
It's damp and misty, and I think I heard some thunder earlier this evening!
Talked to my daughter north of To-pe-ka over the weekend and it was 68 degrees -- in January that is unheard of !
Course it might go down to 0 degrees when the next blob of air rolls in from Siberia, Alaska and the Yukon!
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