Bloomberg - July 31, 2004 ``The budget does little to address the state's structural budget issues; rather, it is largely a budget of political expedience,'' said Brian Tournier, an A.G. Edwards Inc. analyst, in a research report. Three years of record deficits and late budgets have left California with the highest borrowing costs and lowest credit rating of all U.S. states. (snip) California's credit rating from Moody's Investors Service, raised in May to A3 from Baa1, is still the lowest of any U.S. state. Standard & Poor's and Fitch Ratings both have a rating on California of BBB, two grades above junk status. The budget is the first for the 57-year-old Republican governor who said he'd repair the state's credit and tame its deficits. The spending plan defers billions of dollars in costs and borrows to fill the gap. Schwarzenegger had vowed he'd coax the Democratic-controlled legislature to pass a budget by the start of the fiscal year on July 1, a deadline he missed.
Dang right we'll keep bitching... until the situation is improved.
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The further you are removed from influence, the sooner that will occur. Keep bitching, amidst your foolish tantrums and counter-productive capers Arnold has saved billions of taxpayer dollars because of the upgraded credit rating he's secured.
Sorry, it's August 2 of the most important election year in our lifetime. The benefit of doubt is hitherto suspended. You Arnold jihadists have no clue how to improve your situation. Freepers of integrity need to start acknowledging that there is a profound and discernable difference between rank stupidity and rare inspiration.