California faces deadline tomorrow to avoid junk bond status

[WhiteLion]

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.

Thats true there, much like Arlan Spector and McCain.

 

[WhiteLion]

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

Bah the Feds probably auction California off to China

 

[Harry Dresden]

Everyone knows that California is the 2nd most liberal state in the Union[/B][/COLOR]--behind 1st place New York.

Oreo....gotta disagree here......California.....no. 1.....in the lib dept......just ask em,they are proud of the job they have done killing this state,and the good news is.....they say there is more work to do.....

 

[Meister]

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

Don't get me wrong, Dive. I often stated on this board that Maria wore the Fruit of the Looms in his family. I'm no Arnie fan, but a republican in Ca. is like a fish out of water.

 

[Xenophon]

Is it federal bailout time yet?

 

[Big Black Dog]

Maybe all of those illegal aliens and people who are on California's give-away welfare programs can come to the rescue with a few bucks. It appears that the cash cow has been sucked dry and California is going to go belly up. This should be a lesson for all of America.

 

[WillowTree]

caleeeeefornia been fucked up bad by the democwats,, just like that shit hole called michigan,,, and don't forget chicargo!!!

 

[Harry Dresden]

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.

and to top that off....these fuckers just doubled car registration.....but that wasnt enough....so they now going to try and add a 15.00 surcharge on all registrations to get "a little extra"....yea that is helping the poor that they say they stand for....and the real sad part is...these fucking fools that live out here will vote the exact same assholes in,that they complain about....all because....THEY ARE DEMS.AND SO ARE WE...and then they will bitch some more....

 

[Harry Dresden]

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.

Arnie aint doin a whole lotta swimmin
face it, California elects mistake after mistake

yea Tom McClintock was the only guy running that was saying what needed to be done....but he was running against the "celebrity " factor and you can see for yourselves with the Jackson crap how much the fools out here worship these people....

 

[Meister]

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.

and to top that off....these fuckers just doubled car registration.....but that wasnt enough....so they now going to try and add a 15.00 surcharge on all registrations to get "a little extra"....yea that is helping the poor that they say they stand for....and the real sad part is...these fucking fools that live out here will vote the exact same assholes in,that they complain about....all because....THEY ARE DEMS.AND SO ARE WE...and then they will bitch some more....

So in lieu of even more taxes....they just attach fees. That's a great system you have there, Harry. Given enough time to implement as they go, they can afford to spend like they do.....but from what I understand there is a big exodus from Ca.

 

[Nik]

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....

And the current economy was happening before Obama, fuckwit.

They can't tax you for anything, taxes have to go to the voters and they often don't get approved. So that they can tax you for anything is a downright lie. See Prop 13, moron.

 

[Nik]

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.

So Reagan was a liberal too?

 

[Harry Dresden]

Maybe all of those illegal aliens and people who are on California's give-away welfare programs can come to the rescue with a few bucks. It appears that the cash cow has been sucked dry and California is going to go belly up. This should be a lesson for all of America.

if everyone is paying attention......otherwise....

 

[Meister]

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....

And the current economy was happening before Obama, fuckwit.

They can't tax you for anything, taxes have to go to the voters and they often don't get approved. So that they can tax you for anything is a downright lie. See Prop 13, moron.

Fees nickie, fees...don't need a vote for more fees nickie.

 

[Nik]

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

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

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 )

Umm, no.

Sorry but Californias budget needs to pass a supermajority. That means the Republicans get to exercise power in the making of the budget, so take off your own damn partisan glasses, fuckface.

 

[Nik]

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.

Wtf? We are talking about the state, not the country. California is in much worse shape than the rest of the country. You want to blame this on Washington? Of course you only want to do that because Democrats control washington now. Partisan hack.

 

[Meister]

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.

So Reagan was a liberal too?

I can't believe you blather about something you know nothing about nickie. When Reagan was governor of the state, the dynamics was a lot different than it is now. It wasn't a liberal state back then, but you just keeping posting, because you expose yourself as the idiot that you are.

 

[Nik]

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.

Property taxes, moron.

 

[Nik]

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.

and to top that off....these fuckers just doubled car registration.....but that wasnt enough....so they now going to try and add a 15.00 surcharge on all registrations to get "a little extra"....yea that is helping the poor that they say they stand for....and the real sad part is...these fucking fools that live out here will vote the exact same assholes in,that they complain about....all because....THEY ARE DEMS.AND SO ARE WE...and then they will bitch some more....

So in lieu of even more taxes....they just attach fees. That's a great system you have there, Harry. Given enough time to implement as they go, they can afford to spend like they do.....but from what I understand there is a big exodus from Ca.

They have to do that because they can't actually raise taxes because of the horrendous proposition system.

 

[Nik]

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....

And the current economy was happening before Obama, fuckwit.

They can't tax you for anything, taxes have to go to the voters and they often don't get approved. So that they can tax you for anything is a downright lie. See Prop 13, moron.

Fees nickie, fees...don't need a vote for more fees nickie.

Fees which are incredibly regressive, and aren't very effective, and are limited.