Here is a map of who voted for Moonbeam:
The same is true of Washington State, btw, King County rules that state.
A turn to the left and backward.
It’s almost funny, but too bad they have so many electoral votes and we have to bail their dumb asses out eventually.
All we have to do is say no. And maybe the fact they’re Dems will make it easier.
How stupid can people be? Don’t those dolts realize that it’s liberalism that’s killing that state? The thought of bailing them out will make alot of people angry including myself and I don’t want our taxes bailing out a state that has such idiots in it!
Well, I hope all those who thought they were being smart by being “pragmatic” by supporting Fiorina and Whitman in the primaries are happy. If Devore had run and lost, at least conservatives would have had a chance to organize for the future around the campaign. But no, we had to be Rovian wizards...
The good thing is that when CA finally goes over the cliff, it will be almost impossible to blame the Rs. Of course, there is also always the Jerry Brown entertainment factor. He really is a box of chocolates.
I was a poll worker and there were so many people who weren’t registered and came in and voted! They looked like Acorn types and each and every one came in and they weren’t on the roster so they voted ‘provisionary’.
Let california sink. They have made their bed. The US House of Representatives had better not provide funding to bail them out or there will be hell to pay. They are not using my money to bail out the blood suckers in California, not when they have Billions sitting of shore in oil leases, and refuse to allow drilling.
Here is a map of who voted for Moonbeam:
The same is true of Washington State, btw, King County rules that state.
“we have to bail their dumb asses out eventually.”
We already are:
http://online.wsj.com/article/SB10001424....
Bond subsidies and transfers have allowed states to avoid making tough decisions. It won’t last.
The threat posed by the state fiscal crisis in the U.S. is vastly underestimated and under-appreciated—because even today too few people understand how states have been managing their finances.
A clear example of this took place in Manhattan last week at the Economist magazine’s Buttonwood Conference, where a panel role-played the federal government’s response to a near default of the hypothetical state of New Jefferson. After various deliberations and simulated threats from the Chinese government, the panel reluctantly voted to grant New Jefferson an emergency bailout of $1.5 billion to cover the state’s debt payment.
What this panel and so many other investors fail to appreciate is that state bailouts have already begun. Over 20% of California’s debt issuance during 2009 and over 30% of its debt issuance in 2010 to date has been subsidized by the federal government in a program known as Build America Bonds. Under the program, the U.S. Treasury covers 35% of the interest paid by the bonds. Arguably, without this program the interest cost of bonds for some states would have reached prohibitive levels.