Posted on 10/03/2008 5:47:23 AM PDT by rabscuttle385
SACRAMENTO -- California Gov. Arnold Schwarzenegger, alarmed by the ongoing national financial crisis, warned Treasury Secretary Henry M. Paulson on Thursday that the state might need an emergency loan of as much as $7 billion from the federal government within weeks.
The warning comes as California is close to running out of cash to fund day-to-day government operations and is unable to access routine short-term loans that it typically relies on to remain solvent.
(Excerpt) Read more at latimes.com ...
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FR Keyword: moneylist
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Main Street to Haight-Ashbury: Go pound sand.
My understanding from an earlier article is Cali isn’t the only state that will soon be in the welfare line, Illinois and NY are right behind.
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Exactly! Tell Arnold to FORGET IT...
"The origin of the expression go pound sand is from a longer expression, not to know (have enough sense to) pound sand down a rathole. Filling rat holes with sand is menial work, and telling someone to pound sand down a hole is like telling them to go fly a kite. The expression dates to at least 1912 and is common in the midwestern United States."
http://www.urbandictionary.com/define.php?term=pound%20sand
Not one thin dime of taxpayer money should go to bail out this bunch of Leftists. Let the profligate dunces the voters put in office get them out of this mess without our help.
Had CA allowed oil production off its coast the past decade, they wouldn’t need a bailout.
Arnie sucks as a governor. Not that he’s a secret Dem or anything.
Hey Arnold-call your hollywood buddies-Speilberg, Streisand, Clooney, Damon etc-they shouldn’t have any problem coming up with a “loan” for you.
Let them go bankrupt.
Forcing one state to subsidize another, especially when the subsidized state is operating on quasi-Socialism, is not only unconstitutional but just plain wrong.
Cut spending! TAXES are too much in California and revenues are going to fall radically.
CUT SPENDING ARNIE!
Can't we all just get a loan?
Schwarzenegger has managed to make Gray Davis look like a fiscal conservative. Without question he is the worst governor we have ever had. And he has some pretty strong competition.
NO NO NO!. Do it the California Liberal way...Tax The Rich...Actors. Tax ALL their money. Take the profits of Striesand and give them to the little guy.
Wait, don’t tell me, let me guess. Red states or Blue states?
Alex, I’ll say BLUE STATES.
That’s a ‘fair to midlin’ answer.
This is the next big Rat spending financial meltdown coming. Rat states ...CA IL NJ NY..Can’t survive a recession. They done spent and borrowed evrry penny. Beholding yo unions,minorities and illegals the y can’t cut spending. A lot off cities are in the same shape
This should cause another financial crisis.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
I wonder how much of this is Arnold spreading FUD to stampede Calif congressmen to vote to bail out all the gamblers...
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