Do you feel like Americans should bailout the sinking state of Cal-lee-fornia?
Poetic Warrior
2009/05/29 04:34:09
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126 votes
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10 votes
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30 votes
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18% | ||
Please share this question with all of your sodaheads so we can let our voices be heard laid clear and proud!! Together we can make a difference!!
(Joseph)
California Wants Federal 'Bailout'
http://www.kesq.com/Global/story.asp?S=10437279
Posted: May 28, 2009
SACRAMENTO - Governor Schwarzenegger and Democratic lawmakers are hoping the Obama administration and members of Congress will lend some help in getting California out of its financial problems.
State leaders are not asking for a cash bailout, but are asking the federal government for loan guarantees.
The proposal would have Washington act as a sort of co-signer on the state's borrowing, with the loans backed up by the Troubled Asset Relief Program.
With the state now with the worst credit rating in the nation, California leaders say the backing of the federal government would make it cheaper for the state to borrow money on the bond market.
That cheaper money would save taxpayers hundreds of millions of dollars.
So far, the Obama administration has responded cautiously to the idea.
The proposal's prospects in Congress are also uncertain.
(Joseph)
California Wants Federal 'Bailout'
http://www.kesq.com/Global/story.asp?S=10437279
Posted: May 28, 2009
SACRAMENTO - Governor Schwarzenegger and Democratic lawmakers are hoping the Obama administration and members of Congress will lend some help in getting California out of its financial problems.
State leaders are not asking for a cash bailout, but are asking the federal government for loan guarantees.
The proposal would have Washington act as a sort of co-signer on the state's borrowing, with the loans backed up by the Troubled Asset Relief Program.
With the state now with the worst credit rating in the nation, California leaders say the backing of the federal government would make it cheaper for the state to borrow money on the bond market.
That cheaper money would save taxpayers hundreds of millions of dollars.
So far, the Obama administration has responded cautiously to the idea.
The proposal's prospects in Congress are also uncertain.
Top Opinion
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Basil 2009/05/29 04:53:43No way dude let them go bankrupt!!
+12No way, they got themselves into this mess with thier high taxes, harboring illigals and spending billions on healthcare ,education and phony lawsuites for illigals, let them work it out. I'm sure there's a lot of Omammy loving movie stars that will love to donat to save thier precious state.
The elitists discourage industry, oil, transportation, land use, and everything else you can imagine; what do you expect?
....................
So much power was being generated that it was being sold off to other states. I am talking the year 2000 and 2001.
The senior citizens were getting $1,000.00 power bills.
I am talking an isolated event, not an across the board behavior that you are referring to.
If the consumers had to pay those increased bills, there would have been thousands of DEAD senior citizens who could not afford power after paying that one bill!
Joseph
"Half the 100 million Mexicans are still mired in poverty. Tens of millions are unemployed or underemployed. Because of devaluations, real wages are below what they were in 1993. Thus the great migration north continues. Some 1.5 million are apprehended every year on our southern border breaking into the United States. Of the perhaps 500,000 who make it, one-third head for Mexifornia, where their claims on Medicaid, schools, courts, prisons, and welfare have tipped the Golden State toward bankruptcy and induced millions of native-born Americans to flee in the great exodus to Nevada, Idaho, Arizona, and Colorado. Ten years after NAFTA, Mexico’s leading export to America is still--Mexicans. America is becoming Mexamerica."
~Pat Buchanan
america is like factory 1 part stops working then all the parts start to fail