Posted on 06/17/2002 5:08:29 PM PDT by randita
Edited on 04/12/2004 5:39:06 PM PDT by Jim Robinson. [history]
SACRAMENTO (AP) - Gov. Gray Davis has asked the committee scraping to fill a $23.6 billion budget hole to find $1 billion more -- with cuts or tax increases -- to boost emergency reserves and protect California's credit.
Now, after two full weeks of meetings, the Conference Committee on the Budget must decide how to come up with about $5.5 billion. That includes $1 billion reserve, about $1 billion in additions the panel has made to the budget and roughly $3.5 billion in car and cigarette tax increases proposed by Davis last month.
(Excerpt) Read more at sacbee.com ...
Translation: Wall Street investors told Davis that there was no way in hell that they would be loaning California any money unless it got it's fiscal house in order.
LOL. Or maybe Nielsen in the Mr Magoo character. Can't see his nose in front of his face.
I guess that means the persuading done up to this point hasn't been very effective. i'm surprised that Wall Street would be satisfied with only $1 billion more considering the mountain of debt CA faces. What a slap in the face that one of the richest states in the nation can't get the trust of Wall Street.
And yet, the big spenders keep on spending and getting elected. At some point, the sheeple have got to say enough. Not holding my breath though...
True. The question is why? Even the SF Chronicle has hammered Grayout. I guess the presstitutes figure it will be "old news" come November. The good thing is that even though the news may be old, the constant rain will keep Grayout's negatives high. Though I do not want to see the innocent suffer, the future of what is a beautiful state is at stake and a heatwave or two and then a couple of rolling blackouts could help those negatives go even higher...
You posted, "Even the SF Chronicle has hammered Grayout. I guess the presstitutes figure it will be "old news" come November."
This is classic Clintoonian/Rat damage control by the Rat in trouble and his buddies in the media. They publish/print a story that doesn't go into much detail on late Friday or Saturday. Then, they put the story in a section that will not get much reader notice.
Then, they can say, that "The GayRhonicle is not biased ,and we printed all these stories and nothing happened. So it was not important and old news.
Compare that to Watergate that is still pushed by the cables re the movies and so called documentaries. Just last night my wife while scanning the Dish menu for something to watch, noticed and commented that there were 3 different shows on Watergate. She wanted to know why. I said to distract from the Rats in trouble today.
During the impeachment fiasco, more Watergate stuff and pictures of Newt were dragged out to enrage the drugged out Rat voting cult members to distract them from the reality of the Moniker Licker and his situation. It worked!
It will likely depend upon when the Leftist Media makes the decision that they would be better off with Simon !
They do. Davis is down 1 to 9 points in the polls, depending on which one you're looking at. And Davis' campaign hasn't released any numbers to discredit these numbers. In fact, Salazar simply said "Davis is up by single-digits" Methinks the single-digits are within the margin of error ... Davis is in BIG trouble, that's why he's trying to draw Simon into an early air battle. I'm glad Simon and his team aren't being duped into playing ... let Davis' numbers keep plummeting, and then take him out with a one-two punch.
Unfortunately the vice squad is the rat legislature and the Rat co criminal
Kali Attorney General, so nothing will be done to the Junk Bond Hawker Davis!
Oops. I agree, Gramps. I forgot to add (sarcasm off) to my post.
I would concur with your translation. I am surprised that we have not heard publicly more of the concerns of Wall Street in the debates on the budget.
It would be interesting to see what kind of interest penalties California is paying right now because the leadership (democrats) do not have a prudent financial plan in place.
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