California faces deadline tomorrow to avoid junk bond status

ScreamingEagle

Gold Member
Jul 5, 2004
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See where liberalism leads to......?

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

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

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

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

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

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

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

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 )
 
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. :cuckoo:
 
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.


What an idiot your are nickie. California's income tax is second highest in the nation, now that New York just upped theirs. They have anywhere between 7 1/4% to 8 1/2% sales tax. It isn't about taxing...they are hit hard nickie, the problem is your democrat buddies can't stop the spending when they don't have any money. Take off your partisan glasses and view the world as it really is nickie.
 
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. :cuckoo:
Arnie aint doin a whole lotta swimmin
face it, California elects mistake after mistake
 
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. :cuckoo:
Arnie aint doin a whole lotta swimmin
face it, California elects mistake after mistake

There is nothing he can do but not sign what comes to him in the form of a bill. In the beginning he tried with a bunch of initiatives, and the libs voted them all down in a special vote in the state. At that point he gave up. No republican governor can work in California with any success.
 
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. :cuckoo:
Arnie aint doin a whole lotta swimmin
face it, California elects mistake after mistake

There is nothing he can do but not sign what comes to him in the form of a bill. In the beginning he tried with a bunch of initiatives, and the libs voted them all down in a special vote in the state. At that point he gave up. No republican governor can work in California with any success.
yet what was the first thing he threatened to cut in this crisis?
essential services

why didn't he start with the NON-essential?


because he knows that the NON-essentials wont get the voters to support higher taxes to save

sorry, hes a RINO
he might as well be a democrat
 
I hope there bonds do get downgraded. Than I can buy them cheap Under the califonia constitution bonds get paid off seconf after education so ill get 6% + TAX FREE
 

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