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 ...
Tell California to cut spending until it’s in line with revenues, and not to raise taxes!
Hey Arnold....try drilling !
Thats interesting, or maybe you did that on purpose:
California: Pelosi
Illinois: Obama
New York: Hillary
Since he was a large part of this problem and he refuses to take any responsibility, maybe Barney Franks could start a WPA type project across the nation building bathhouses. You know,...put people to work.
What's even worse is that blue-state liberals migrated to red states such as Virginia and brought their baggage (left-wing values) with them.
Blue-state liberalism must be contained within blue states. If California or any other large blue state implodes, liberals from there will flee to red states, which they will promptly corrupt with left-wing values.
Har! Good luck with that!
The original comment I posted on that "California thread", the one you responded to by calling me a clown, was something along the line of "Who cares?" I stand by that - - does anybody really believe that recalling Arnold would make any difference at all?? "Oh pulllllllllllezzzzzzzzzzzz".
Now quit bothering me and go see if you can fix PA...that'll keep you busy indefinitely!
You got that right. The only thing Pennsylvania has going for it is a 29 - 21 GOP Senate majority firewall and that, of course, is because, "Pennsylvania is Philadelphia at one end, Pittsburgh at the other end, and Alabama in between."(James Carville)
Other than that, the place is a mess - - too close to New Jersey and New York.
In any event, you are certainly welcome to comment on any "Pennsylvania threads" that may pop up. Meanwhile, I shall keep enjoying the California threads mainly for their hilarious entertainment value. Good luck!
FRegards,
LH
Sell Southern California to Mexico.
Keep the Naval, Base at San Diego
Turn the base into another Gitmo
Arnold and California are like some 19-year-old brat who boldly proclaims he's an adult and can run his own life--but then goes running to Mommy and Daddy for a bail out when he makes a mess of things!
Because every government program has such lofty sounding goals, the politicians are able to sell all of them as absolutely essential and to proclaim doom if any of these noble-sounding programs were cut.
Arnold begging the Feds to bail out California's failed experiement in big goverment statism is yet another painful reminder of why I wish I could take back the vote I gave him.
U.S. To California: Live within your means.
Missouri does.
GTH, Arnie!!
sw
That said. . .NOOOOOOOOOOOOOOO Arnold!
I would appreciate some input on the constitutionality of this and if there are any precedents.
I understand the 10th amendment, but am looking for other issues and a serious, not emotional discussion.
The Federal Government assumed the wartime debts of individual States after the Revolution, but wartime debts of the Confederate States (individual States that had seceded, as well as the Confederate government) were worthless after the Civil War. And, various States defaulted on canal bonds during the 19th century...no Federal bailout there.
http://www.freerepublic.com/focus/f-news/2098403/posts
I found that Gerald Ford bailed out New York not that long ago.
Hey Schwarz....Go to Muscle Beach and Pound Sand!
This is true. I had forgotten about that.
And I believe there may have been a bailout during the Panic of '07 (that's 1907), but I have to get back to you on that one.
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