California- Liberal Wasteland

[asur]

Liberals and Obama have run a great state into the dirt.

The state began issuing IOUs to thousands of vendors as a cash-saving move. State workers also have begun taking three days off a month without pay, cutting the salaries of more than 200,000 government employees by 14 percent. (GOOD!)

Personal income taxes declined 34 percent during the first five months of the year, a slide that has accelerated as the recession continues to strangle California's economy. (EXCELLENT!)

On Friday, the state controller's office reported the state had spent $10.4 billion more than it collected in the fiscal year that ended June 30. It is now without sufficient cash to cover all of its payment obligations. (DEMOCRATIC!)

If the budget isn't balanced by late August, the state will have to defer payments to its pension funds and may issue IOUs instead of paychecks to state employees. (CHANGE!)

Now the pensions are in peril.

Other states are soon to follow.
It's called CHANGE!

 

[asur]

News: 7/13/2009

SACRAMENTO, Calif. – Thousands of California creditors were left Monday with fewer options for cashing IOUs issued by the state, as several major banks said they no longer will honor them.

U.S. Bancorp became the latest to reject the pay-you-later warrants, joining Bank of America Corp., Wells Fargo & Co., JPMorgan Chase & Co. and other large institutions.

It's called CHANGE!

 

[pocketfullofshells]

you know who ran it into the ground? the voters
but of course that there is a Republican Gov of the state....cant blame him, no blame Obama for the issues of a state. got any more bright ideas ?

 

[Popeye]

you know who ran it into the ground? the voters
but of course that there is a Republican Gov of the state....cant blame him, no blame Obama for the issues of a state. got any more bright ideas ?

Haven't you heard? The Gov. is a "RINO" so the Republican Party isn't responsible. LOL

 

[Pandora]

you know who ran it into the ground? the voters
but of course that there is a Republican Gov of the state....cant blame him, no blame Obama for the issues of a state. got any more bright ideas ?

Arnold is a RINO not a real republican and he sure can be to blame.

The voters too but the voters finally woke up and voted down every tax increase on the ballot.

But they keep voting in moron's like Barbara and Diane and more than half of their congressmen are idiots.

Arnold is not a very good gov but look what they had to pick from

a porn star, the different strokes kid, that monster at the huffington post.

California is doomed. We should just dig the grave now and put them in it.

 

[pocketfullofshells]

Haven't you heard? The Gov. is a "RINO" so the Republican Party isn't responsible. LOL

I keep forgeting the Republicans only realy have like 2 people in office, and then a news station..and a air bag on radio...rest are all rinos lol

 

[Pandora]

I keep forgeting the Republicans only realy have like 2 people in office, and then a news station..and a air bag on radio...rest are all rinos lol

Arnold is as much a republican as I am a democrat.

I am regesterd as a democrat, but I do not tend to think like one.

I guess I am a DINO

 

[pocketfullofshells]

Arnold is as much a republican as I am a democrat.

I am regesterd as a democrat, but I do not tend to think like one.

I guess I am a DINO

I have no idea why your reg that way.

 

[Pandora]

I have no idea why your reg that way.

Well, its so my vote will count

 

[asur]

Part of the problem is caused by illegal immigrants taxing the social services system I gather. They were there before Obama but, Obama's economic policies
have compounded the problem.

There really is no solution for California. It
consumes more in social services now than a dwindling
tax base can support. And there are only 50 some other states
to help chip in, with there own problems.

Since the economy will not turn around, it's cooked!

 

[samsara15]

Simple economics. If you spend more than you make, sooner or later you will run out of money. DINO, or RINO, if those who live in California want to balance their budget, they either increase taxes or decrease spending, whichever they find more palatable.

I imagine they will increase taxes, because in spite of all the beefing, people want the services their goverments provide. Such as roads not riddled with potholes.

California will survive, a bit battered, but it will survive. As for liberal wasteland, take a look at the other side, Mississippi.

 

[Pandora]

Simple economics. If you spend more than you make, sooner or later you will run out of money. DINO, or RINO, if those who live in California want to balance their budget, they either increase taxes or decrease spending, whichever they find more palatable.

I imagine they will increase taxes, because in spite of all the beefing, people want the services their goverments provide. Such as roads not riddled with potholes.

California will survive, a bit battered, but it will survive. As for liberal wasteland, take a look at the other side, Mississippi.

The voters in every city of Calif just voted down more taxes. They are over taxed now and tired of it.

Its the morons they elected who refuse to cut anything, the voters have spoken.

 

[Mr. Shaman]

Liberals and Obama have run a great state into the dirt.

Yeah, we wouldn't want to "inconvenience" the energy-rip-off-artists that initiated this whole debt-scenerio....ya' know, seeing-as-how it was Divine Intervention and all.

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October 11, 2003​

"One of Schwarzenegger’s boldest moves, however, will be to enter into quick settlements with about a dozen energy companies accused of manipulating the state’s electricity market during the height of the state’s energy crisis two years ago, aides to Schwarzenegger said Wednesday.

For three years, California has been engaged in a costly legal battle against dozens of energy companies it said ripped off the state by purposely withholding much-needed electricity from consumers, creating an artificial shortage while boosting the companies’ profits.

Federal regulators ordered electricity refunds for California totaling about $3.3 billion, but Davis said the state deserves at least $9 billion and “not a penny less.”

Richard Katz, an energy advisor to Davis, told the Sacramento Bee last month that he thinks the state will have to sue to recover significantly more money; the state already has refund cases pending before the 9th U.S. Circuit Court of Appeals.

"The governor has said he'll go to every court, every venue," Katz said. Litigation "is the only process we have for getting justice for ratepayers."

But Schwarzeneggeer aides said the lawsuits are deterring energy companies from building power plants in California, which could lead to another energy crisis in 2006, and the legal wrangling alone is costing the state millions of dollars.

“It’s time to settle and move on,” a top aide to Schwarzenegger said. “We don’t want to inherit litigation.”

August 17, 2003​

"A month before the Frontline interview and Bush’s meeting with Davis, Cheney, who chairs Bush’s energy task force, met with Lay to discuss Bush’s National Energy Policy. Lay, whose company was the largest contributor to Bush’s presidential campaign, made some recommendations that would financially benefit his company. Lay gave Cheney a memo that included eight recommendations for the energy policy. Of the eight, seven were included in the final draft. The energy policy was released in late May 2001, after Schwarzenegger, Riordan and Milken met with Lay and after the meeting between Bush and Davis and Cheney’s Frontline interview.

The policy made only scant references to California's energy crisis, which Enron was accused of igniting, and did not indicate what should be done to provide the state some relief. Cheney said the policy focused on long-term solutions to the country's energy needs, such as opening up drilling in the Arctic National Wildlife Refuge and freeing up transmission lines. That's why California was ignored in the report, Cheney said.

In a confidential settlement with the Federal Energy Regulatory Commission, whose chairman was appointed by Bush a year earlier, Tulsa, Okla., based-Williams Companies agreed to refund California $8 million in profits it reaped by deliberately shutting down one of its power plants in the state in the spring of 2000 to drive up the wholesale price of electricity in California.

The evidence, a transcript of a tape-recorded telephone conversation between an employee at Williams and an employee at a Southern California power plant operated by Williams, shows how the two conspired to jack up power prices and create an artificial electricity shortage by keeping the power plant out of service for two weeks.

Details of the settlement had been under seal by FERC for more than a year and were released in November after the Wall Street Journal sued the commission to obtain the full copy of its report. Similarly, FERC also found that Reliant Energy engaged in identical behavior around the same time as Williams and in February the commission ordered Reliant to pay California a $13.8 million settlement.

Fearing that Davis would take steps to re-regulate California’s power market that Lay spent years lobbying California lawmakers to open up to competition, Lay recruited Schwarzenegger, Riordan, Milken, and other powerful business leaders like Bruce Karatz, chief executive of home builder Kaufman & Broad; Ray Irani, chief executive of Occidental Petroleum; and Kevin Sharer, chief executive of biotech giant Amgen."

Nice TRY, asur.....

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[Mr. Shaman]

Part of the problem is caused by illegal immigrants taxing the social services system....

Yeah, asur.....sure, asur.......Ahhhnold was an illegal immigrant.....

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