Posted by
rycK on Friday, October 17, 2008 11:48:17 AM
California has Sold enough
Risky Bonds to Stave off the Begging Session in Washington. We have been Spared!
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 wasted several months haggling about spending,
cutting spending and increasing taxes and boiling up some phony budget at their
Sacramento Cauldron with magical tricks, some anti-war protests and tambourine
music to meet state law. They discovered a host of suckers from the local
cognitively-deficient citizen’s gene pool to buy their phony bonds. Those of us who reside in the real world are
relieved.
They will
not cut away the cancer of socialism and it will devour them. Their shaky budget
wobbles like a drunk in search of a lamp post and it will grow worse starting in
Jan. 2009, when arguments and such will start on the next wreckage of a budget.
Besotted with tears and psychedelic drug flashbacks, they wring their hands in
despair and await, as I predicted,
the inevitable handout from the Federal Government. Luckily for the rest of us
non Golden
Statists, we were spared more debt for a while. California is the perfect example of how
not to run a state. It now ranks somewhere between Cuba and Somalia in financial finesse.
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.’
In
fairness, the blockage to tax hikes is due to Republicans, the few of their kind
left in the elected political system in that facility.
Here is the latest celebration
over 4% of their budget come handy-dandy to the rescue:
“SACRAMENTO — Concerns that California would run out of money later
this month ended Thursday after the state successfully sold $5 billion of
short-term bonds despite troubles in the credit market.
The sale of the bonds, known as revenue anticipation notes, will keep money flowing to state programs such as
education, health care and prisons. California typically sells the notes around
this time of year to tide the state over until more tax revenue arrives in the
spring, but the frozen credit market prompted worries that investors wouldn't
open their wallets.”--
California avoids cash crunch with sale of
bonds By Mike Zapler Mercury News 10/16/2008 03:00:32 PM PDT [Emphasis is mine in
all quotes.]This link references all quotes in this essay unless otherwise
stated.
All That Snake Worship Worked! Subsidize
More Drug Sales! Grow More Weed! Sell More Bonds! Get Hollywood In On The Splendor!
“The state's fiscal woes are far from over, however. The budget that Gov. Arnold Schwarzenegger signed last month is
already more than $1 billion in the red, and over the course of the fiscal year revenue is projected to
fall $3 billion short.”
That means that the sticky claws
of the La La Loony Land may ultimately reach Washington.
Does
anybody realize that they will NOT reduce spending and bribing their union stooges
with higher salaries and better and better benefits and that the tax revenues
are tanking because the economy is trashed in CA?? Do they realize that the 7.7%
unemployment rate is peanuts compared to what it might be if taxes were hiked? How
about 10-15%?
The only
hope[s] for the drug-crazed loafers in California is for [1] more suckers step
up to the old North Beach plywood walls [the ones with the 2 inch holes cut at
various heights] and shovel out more cash after their fantasies are fulfilled
and [2] the Republicans will finally concede the fact that the situation is
hopeless and flee the state and [3] Obama will flood the streets with freshly
printed money so everybody can party.
The notion that somebody is working on some
fiscally responsible budget plan in the far-leftist Democratic camp just ranks
up there in the clouds of marijuana smoke that reflect the political visions of Allen Ginsberg and the
politics of Angela Davis.
Get out of California if you can! The End is in sight.
rycK
Comments
to: ryckki@gmail.com
California is Going Down. Prepare to Get
Out! The Situation is Hopeless