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California faces deadline tomorrow to avoid junk bond status

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Old 06-30-2009, 03:44 PM
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California faces deadline tomorrow to avoid junk bond status

See where liberalism leads to......?

....and the Big O is leading us to this on the national level...

Quote:
The state of California must pass a budget by tomorrow or its credit rating could tumble to junk status. Both Moody's and Standard & Poor's have warned the state of a multinotch downgrade if the state fails to approve a budget.

California currently has an A2 rating, the lowest of any state. Governor Arnold Schwarzenegger needs to close a $24.3 billion budget deficit and has threatened to cut essential services if a budget agreement cannot be reached.

On Wednesday, July 1, California Controller John Chiang will begin to pay bills with IOUs because he will run out of cash if the legislature doesn't deal with the deficit for the coming fiscal year. Fitch Ratings downgraded California's general obligations Friday to single-A-minus from single-A, citing "the magnitude of the state's financial and institutional challenges and persistent economic and revenue weakening."

DailyFinance
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"We are fast approaching the stage of the ultimate inversion: The stage where the government is free to do anything it pleases, while the citizens may act only by permission – which is the stage of the darkest periods of human history, the stage of rule by brute force." ~Ayn Rand

“Medicine is the keystone in the arch of socialism”~Lenin
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Old 06-30-2009, 03:45 PM
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Quote: Originally Posted by ScreamingEagle View Post
See where liberalism leads to......?

....and the Big O is leading us to this on the national level...

Quote:
The state of California must pass a budget by tomorrow or its credit rating could tumble to junk status. Both Moody's and Standard & Poor's have warned the state of a multinotch downgrade if the state fails to approve a budget.

California currently has an A2 rating, the lowest of any state. Governor Arnold Schwarzenegger needs to close a $24.3 billion budget deficit and has threatened to cut essential services if a budget agreement cannot be reached.

On Wednesday, July 1, California Controller John Chiang will begin to pay bills with IOUs because he will run out of cash if the legislature doesn't deal with the deficit for the coming fiscal year. Fitch Ratings downgraded California's general obligations Friday to single-A-minus from single-A, citing "the magnitude of the state's financial and institutional challenges and persistent economic and revenue weakening."

DailyFinance
I know, these liberal Republican governors!
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Old 06-30-2009, 03:47 PM
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Quote: Originally Posted by Nik View Post
Quote: Originally Posted by ScreamingEagle View Post
See where liberalism leads to......?

....and the Big O is leading us to this on the national level...

Quote:
The state of California must pass a budget by tomorrow or its credit rating could tumble to junk status. Both Moody's and Standard & Poor's have warned the state of a multinotch downgrade if the state fails to approve a budget.

California currently has an A2 rating, the lowest of any state. Governor Arnold Schwarzenegger needs to close a $24.3 billion budget deficit and has threatened to cut essential services if a budget agreement cannot be reached.

On Wednesday, July 1, California Controller John Chiang will begin to pay bills with IOUs because he will run out of cash if the legislature doesn't deal with the deficit for the coming fiscal year. Fitch Ratings downgraded California's general obligations Friday to single-A-minus from single-A, citing "the magnitude of the state's financial and institutional challenges and persistent economic and revenue weakening."

DailyFinance
I know, these liberal Republican governors!
You got that right...Arnold is just another rino...
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"You can take from A and give to B if B pays more taxes?"
~Justice Antonin Scalia on Kelo v. New London


"We are fast approaching the stage of the ultimate inversion: The stage where the government is free to do anything it pleases, while the citizens may act only by permission – which is the stage of the darkest periods of human history, the stage of rule by brute force." ~Ayn Rand

“Medicine is the keystone in the arch of socialism”~Lenin
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Old 06-30-2009, 03:49 PM
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Quote: Originally Posted by ScreamingEagle View Post
Quote: Originally Posted by Nik View Post
Quote: Originally Posted by ScreamingEagle View Post
See where liberalism leads to......?

....and the Big O is leading us to this on the national level...
I know, these liberal Republican governors!
You got that right...Arnold is just another rino...
Sure he is. If you want to say this is Obamas economy, well California is Arnolds economic, and he is a Republican. So that means we get to blame Californias woes on the Republicans. Fun how consistency works, eh?
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Old 06-30-2009, 03:53 PM
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Quote: Originally Posted by Nik View Post
Quote: Originally Posted by ScreamingEagle View Post
Quote: Originally Posted by Nik View Post

I know, these liberal Republican governors!
You got that right...Arnold is just another rino...
Sure he is. If you want to say this is Obamas economy, well California is Arnolds economic, and he is a Republican. So that means we get to blame Californias woes on the Republicans. Fun how consistency works, eh?
I'll be the first to blame a Republican for overspending or taxing too much.....it's not the name....it's the principles that matter....

California is going to JUNK status because of the liberal principles of tax and spend beyond their means...same thing the Big O is doing...
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"You can take from A and give to B if B pays more taxes?"
~Justice Antonin Scalia on Kelo v. New London


"We are fast approaching the stage of the ultimate inversion: The stage where the government is free to do anything it pleases, while the citizens may act only by permission – which is the stage of the darkest periods of human history, the stage of rule by brute force." ~Ayn Rand

“Medicine is the keystone in the arch of socialism”~Lenin
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Old 06-30-2009, 04:03 PM
Nik Nik is offline
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Quote: Originally Posted by ScreamingEagle View Post
Quote: Originally Posted by Nik View Post
Quote: Originally Posted by ScreamingEagle View Post

You got that right...Arnold is just another rino...
Sure he is. If you want to say this is Obamas economy, well California is Arnolds economic, and he is a Republican. So that means we get to blame Californias woes on the Republicans. Fun how consistency works, eh?
I'll be the first to blame a Republican for overspending or taxing too much.....it's not the name....it's the principles that matter....

California is going to JUNK status because of the liberal principles of tax and spend beyond their means...same thing the Big O is doing...
Actually the problem is that they can't tax, because the Republicans over there are batshit insane, as opposed to just normally insane like most other places.
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Old 06-30-2009, 04:57 PM
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Quote: Originally Posted by Nik View Post
Quote: Originally Posted by ScreamingEagle View Post
Quote: Originally Posted by Nik View Post

I know, these liberal Republican governors!
You got that right...Arnold is just another rino...
Sure he is. If you want to say this is Obamas economy, well California is Arnolds economic, and he is a Republican. So that means we get to blame Californias woes on the Republicans. Fun how consistency works, eh?
hey moron, republican doesnt always equal conservative
and in fact in recent history, it hasnt even been close
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Old 06-30-2009, 04:58 PM
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Quote: Originally Posted by Nik View Post
Quote: Originally Posted by ScreamingEagle View Post
Quote: Originally Posted by Nik View Post

Sure he is. If you want to say this is Obamas economy, well California is Arnolds economic, and he is a Republican. So that means we get to blame Californias woes on the Republicans. Fun how consistency works, eh?
I'll be the first to blame a Republican for overspending or taxing too much.....it's not the name....it's the principles that matter....

California is going to JUNK status because of the liberal principles of tax and spend beyond their means...same thing the Big O is doing...
Actually the problem is that they can't tax, because the Republicans over there are batshit insane, as opposed to just normally insane like most other places.
they already pay some of the highest taxes in the country
how about they start cutting some of the pork spending
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Old 06-30-2009, 08:30 PM
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Quote: Originally Posted by Nik View Post
Quote: Originally Posted by ScreamingEagle View Post
Quote: Originally Posted by Nik View Post

Sure he is. If you want to say this is Obamas economy, well California is Arnolds economic, and he is a Republican. So that means we get to blame Californias woes on the Republicans. Fun how consistency works, eh?
I'll be the first to blame a Republican for overspending or taxing too much.....it's not the name....it's the principles that matter....

California is going to JUNK status because of the liberal principles of tax and spend beyond their means...same thing the Big O is doing...
Actually the problem is that they can't tax, because the Republicans over there are batshit insane, as opposed to just normally insane like most other places.
well this thread is going to prove just about every posters saying about you Nik...you dont know what the fuck you are talking about.....this shit was happening before Arnold dipshit....the VERY liberal legislature has been in the process of screwing over this state since Grey Davis,with horrible contracts to the state unions which is killing the state,you name the problem,and the legislature was part of the problem,going back 15 years....Arnolds problem is he is trying to be something to everyone,which he cant be.....and they CANT TAX??....are you fucking crazy...this state has a pretty high tax rate,and tries to tax you for everything,and if the tax gets voted down,they will try another way to tax you....i think you had best stay at home on this one Nik.....you are WAY outta your league here...but if you wanna show everyone how fucking stupid you are....then lets GET IT ON....
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Old 06-30-2009, 09:05 PM
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Quote: Originally Posted by Nik View Post
Quote: Originally Posted by ScreamingEagle View Post
Quote: Originally Posted by Nik View Post

I know, these liberal Republican governors!
You got that right...Arnold is just another rino...
Sure he is. If you want to say this is Obamas economy, well California is Arnolds economic, and he is a Republican. So that means we get to blame Californias woes on the Republicans. Fun how consistency works, eh?
NICE TRY BUT:

Everyone knows that California is the 2nd most liberal state in the Union--behind 1st place New York. They are both in very deep financial crisis because LIBERALS in these states have run deficits up to astronomical levels. California being the "safe haven" for illegals under Nancy Pelosi's policies--free health care & education, etc. etc.

But, I have never considered Arnold a conservative republican anyway. He would have never gotten elected in the State of California--if he were conservative.

Last edited by oreo; 06-30-2009 at 09:11 PM.
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Old 06-30-2009, 09:24 PM
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Quote: Originally Posted by oreo View Post
Quote: Originally Posted by Nik View Post
Quote: Originally Posted by ScreamingEagle View Post

You got that right...Arnold is just another rino...
Sure he is. If you want to say this is Obamas economy, well California is Arnolds economic, and he is a Republican. So that means we get to blame Californias woes on the Republicans. Fun how consistency works, eh?
NICE TRY BUT:

Everyone knows that California is the 2nd most liberal state in the Union--behind 1st place New York. They are both in very deep financial crisis because LIBERALS in these states have run deficits up to astronomical levels. California being the "safe haven" for illegals under Nancy Pelosi's policies--free health care & education, etc. etc.

But, I have never considered Arnold a conservative republican anyway. He would have never gotten elected in the State of California--if he were conservative.
Tom McClintock was the conservative choice in the runoff
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Old 06-30-2009, 09:36 PM
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Arnold is nothing more than a democrat dressed in republican clothes. None of us republicans think that he has an ounce of conservatism on fiscal matters.
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Old 06-30-2009, 09:39 PM
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Yes and the entire country is next because we have a liberal congress, a liberal senate and a liberal President.

How's all that hope and change working for you liberals out there. Do you have a job???? Do you think you are going to be able to keep it????
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Old 06-30-2009, 11:50 PM
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Quote: Originally Posted by Nik View Post
Quote: Originally Posted by ScreamingEagle View Post
See where liberalism leads to......?

....and the Big O is leading us to this on the national level...

Quote:
The state of California must pass a budget by tomorrow or its credit rating could tumble to junk status. Both Moody's and Standard & Poor's have warned the state of a multinotch downgrade if the state fails to approve a budget.

California currently has an A2 rating, the lowest of any state. Governor Arnold Schwarzenegger needs to close a $24.3 billion budget deficit and has threatened to cut essential services if a budget agreement cannot be reached.

On Wednesday, July 1, California Controller John Chiang will begin to pay bills with IOUs because he will run out of cash if the legislature doesn't deal with the deficit for the coming fiscal year. Fitch Ratings downgraded California's general obligations Friday to single-A-minus from single-A, citing "the magnitude of the state's financial and institutional challenges and persistent economic and revenue weakening."

DailyFinance
I know, these liberal Republican governors!
What an idiot you are Nickie, as usual. Yes, Arnie is a weak governor, but he isn't the main problem...it's your democrat buddies that is the real cause of the mess. The liberal dems are running the state into the ground with all the spending that's going on, along with them being in the back pocket of the state unions. Try taking off your damn partisan glasses and see the world as it really is. ( repeat mental note...nickie is an idiot )
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Old 06-30-2009, 11:54 PM
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Quote: Originally Posted by Nik View Post
Quote: Originally Posted by ScreamingEagle View Post
Quote: Originally Posted by Nik View Post

I know, these liberal Republican governors!
You got that right...Arnold is just another rino...
Sure he is. If you want to say this is Obamas economy, well California is Arnolds economic, and he is a Republican. So that means we get to blame Californias woes on the Republicans. Fun how consistency works, eh?

What an idiot you are Nickie. Obama has the democrats in control of the House and Senate. Here is the twist nickie...Arnie is swimming against the current with an overwhelming number of democrats he has to deal with. Once again, take of your partisan glasses and view the world as it really is nickie.
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