Posted by
rycK on Thursday, October 09, 2008 8:16:52 PM
California is Going to Try to
Sell You Worthless Bonds. The Situation
Is Hopeless so Don’t Buy This Junk.
The
Marxist Utopia of California has demonstrated that they cannot get off their
drugs, the political worship of illegal aliens, political correctness and Green Weenie
Mentality of environmentalism.
They are tax whores and are way out of control. The situation is
hopeless.
The phony People’s
Marxist Republic of California has just spent about three months
haggling about spending and putting up some phony budget with magical tricks to
meet state law and now they will certainly not meet salaries and other obligations unless they find suckers to give them alms. They will not cut away the cancer of
socialism. They have a phony budget now and it will grow worse by Jan. 2009,
when arguments and such will start on the next wreckage of a budget. They
cannot do anything other than fumble and default on this sale because they will have a
worse budget next year. Besotted with tears and drug flashbacks they
wring their hands and await, as I predicted,
the inevitable handout from the Federal Government, also packed with losers and
criminals and dunces. The Feds cannot afford this crap. The citizens cannot afford this crap. California is the perfect example of how
not to run a state.
From a previous post:
This mental facility [California] is a leftist microcosmic experiment for the rest of us to
study. The facts here show that there is NO INTENTION of
instituting even any slight or limited form of fiscal responsibility by the
drooling left here. Apparently, the Neo-Marxists cannot step up to the plate
and announce that California needs a hefty $4 or $5 dollar gas tax
or perhaps double sales taxes to ‘solve’ this problem. Perhaps California will take economic
lessons from the Europeans.
Taxes and confiscation of property and wealth are the old, proven Soviet
solutions to ‘peace’ and helping ‘the poor.’
I predicted that these drug-crazed losers would bawl and crawl to Washington for a handout. It was so easy
to predict. Their last chance is to stick some suckers with phony debt and then
do it again next year or beg for alms from the Fed or both. There are no other
choices. They will attempt this with a new bond offering and will default.
The New Bond Scam:
“California’s Treasury plans to
go to market next week with a slimmed-down $4 billion bond sale. If the credit
markets gum up even more than at present, the state may seek relief from the
Federal Reserve or from its enormous public-employee pension funds. With the
immediate problem out of the way, though, a bigger one will loom into view.”-- California's budget No
money to pay the bills Oct 9th 2008
That is at least 3 billion short. Their deficit was 7. Where did
they hid the difference?
Don’t give the parasites a dime until
they fire 300,000 people with phony jobs, round up and deport 3 million illegal
aliens and stop encouraging the ceremonial smoking dope, factors that seem to burden
their system. Let us all study this wreckage and try to learn some lessons from
this. I doubt that it will make any difference for Europe and many in the US, but some will see what not to do.
rycK
Comments
to: ryckki@gmail.com
California is Going Down. Prepare to Get
Out! The Situation is Hopeless
Pelosi and Her Leftist Parasites
Desperately Want Higher Gas Prices. They
Will Sink the Economy for Political Gain.