California Bailout

Discussion in 'Economy' started by Ame®icano, May 18, 2009.

  1. Ame®icano
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    Ame®icano Gold Member

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    We are talking lot about bailouts these days. Even that links are old, its becoming active again.

    California's requestion $7B bailout money from federal government.

    Bailout California? - MSNBC

    Bailout California - FOXB

    New Jersey has the same problems as California. Should Federal Gov. bailout States?
     
    Last edited: May 18, 2009
  2. wihosa
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    wihosa VIP Member

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    Going to need money from somewhere. The Governator's innitiatives are going down as they should. I can't tell what they would do and I'm voting no on all of them. Looks like it will be up to the legislature to do their own job.
     
  3. Gunny
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    Gunny Gold Member

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    Try deporting all those illegals sucking off the infrastructure there. The simple fact is, no matter what kind of snow job they sell, the burden to taxpayers cannot be sustained.
     
  4. editec
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    editec Mr. Forgot-it-All

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    Isn't giving control to the states what the right wingers all want?

    How better to give control to the states than to give them money so they can apply it to the things they need?
     
  5. WiseOldMan
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    WiseOldMan Member

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    California doesn't need a bailout from the federal government.

    It needs to be paid back. 22 cents of every dollar paid to the feds from California tax payers is used to benefit some broke-ass red state who can't pull their own weight.

    That's welfare.


    California would be better off an independent nation. It would literally rival the other 49 states combined in terms of GDP.


    Without California, the USA drops several pegs on the global economic scale.



    What has Alabama done?
     
  6. Toro
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    Toro Diamond Member

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    California is a basket-case.




    California: The ungovernable state | The Economist
     
  7. Zoomie1980
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    Zoomie1980 Senior Member

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    IT's up to them to get their own money and spend only what they get. Two enormous problems in California that they have to give up.

    1) The state worker's union pensions all have to go.

    2) All social services to illegal immigrants must stop IMMEDIATELY.

    Shed both of those and California's budget problems largely disappear.
     

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