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CA: Amid budget woes, state piles up debt
Sac Bee ^ | 5/3/03 | Alexa H. Bluth

Posted on 05/03/2003 8:43:10 AM PDT by NormsRevenge

Edited on 04/12/2004 5:50:44 PM PDT by Jim Robinson. [history]

The planned sale of nearly $2 billion in bonds to pay pension obligations is a major piece of Gov. Gray Davis' plan to erase the state's massive deficit -- but it amounts to just a drop in a wave of borrowing already used or proposed for everything from paying the state's electricity bills to financing health programs.


(Excerpt) Read more at sacbee.com ...


TOPICS: Crime/Corruption; Government; Politics/Elections; US: California
KEYWORDS: budget; calgov2002; debt; piles; state; woes
yawn.. more debt.. ho hum..

You think these piles are big.. You should see the pile of manure behind the State Capitol building.

Which reminds me..

Your presence is requested at the

Rally Monday May 5th in Sacramento: RecallDavis.com

Over 100,000 Recall signatures to be turned in. Any and All Folks who want a Regime Change, Please Be There, Be Heard and Help Make a Difference! :-)

1 posted on 05/03/2003 8:43:10 AM PDT by NormsRevenge
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To: Ernest_at_the_Beach
1 Pingy Dingy!!!
2 posted on 05/03/2003 8:44:25 AM PDT by NormsRevenge (Semper Fi .. Support FRee Republic)
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To: NormsRevenge
You know, I think the Dems should keep it up. It's paving the way for big Republican victory.
3 posted on 05/03/2003 8:49:27 AM PDT by I_Love_My_Husband
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To: NormsRevenge
Any economists out there who would interpret this mess for those of us who are "math challenged" by the size of these loans and roll-overs?

If California was a family... how healthy is their budget?
4 posted on 05/03/2003 8:57:40 AM PDT by kritikos (Truly true truth)
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To: NormsRevenge; *calgov2002; snopercod; Grampa Dave; Carry_Okie; SierraWasp; Gophack; RonDog; ...
You should see the pile of manure behind the State Capitol building.

Call for Manure Movers of America!!!!!

calgov2002:

calgov2002: for old calgov2002 articles. 

calgov2002: for new calgov2002 articles. 

Other Bump Lists at: Free Republic Bump List Register



5 posted on 05/03/2003 9:37:49 AM PDT by Ernest_at_the_Beach (Where is Saddam? and where is Tom Daschle?)
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To: Ernest_at_the_Beach
The worlds biggest credit card has been stolen by some wicked spenders...
6 posted on 05/03/2003 2:18:26 PM PDT by tubebender (?)
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To: kritikos; babble-on; Robert357; JasonC; KC Burke
Any economists out there who would interpret this mess for those of us who are "math challenged" by the size of these loans and roll-overs?
7 posted on 05/03/2003 4:46:25 PM PDT by snopercod
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To: snopercod
It'll put a nice big crimp in the Dems' spending plans for the next several years. Learn to love it.
8 posted on 05/03/2003 4:49:22 PM PDT by goldstategop ( In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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Bump
9 posted on 05/03/2003 10:33:55 PM PDT by NormsRevenge (Semper Fi .. Support FRee Republic)
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To: goldstategop
It'll put a nice big crimp in the Dems' spending plans for the next several years.

But the Dems will be laughing all the way to the bank. Other than squandering billions on electricity, the other major factor in the budget crisis is the massive increase in pensions for government workers that the legislature voted themselves and Davis approved.

10 posted on 05/04/2003 4:33:44 AM PDT by snopercod
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