Arnold bankrupted California

[Johnnybags]

The states, like the Federal government refuse to cut spending, tried all the tricks in the book like Casino gambling etc. and now face a crisis. We are in extraordinary times, maybe the FED can send Arnold few pallet loads of 100.00 bills. Instead of an across the board spending cut, he will pander and taxes will be raised, deepening the crisis.




A fiscal emergency would trigger a special session and force lawmakers and the governor to begin addressing the shortfall within 45 days.

"What we have to do is fix the budget system. The system itself needs to be fixed, and I think that this is a good year, this coming year, to fix it," Schwarzenegger said in Long Beach, where he was promoting his plan for health care reform.

California is struggling with shrinking state tax revenue from the meltdown of the subprime housing market and the credit crunch on Wall Street.

State spending also has increased by more than 40 percent since Schwarzenegger took office after the 2003 recall of then-Gov. Gray Davis.

Schwarzenegger in August signed a $145.5 billion budget that increased spending 11 percent due largely to the increased cost of bond repayments and special funds. General fund spending for day-to-day operations increased less than 1 percent, from $101.7 to $102.3 billion for the budget year that began July 1.

In August, Schwarzenegger's office projected the state would end its current budget year with a $4.1 billion reserve. Last month, the state's nonpartisan legislative analyst reported that the state would instead end the year in the red, and was on pace to rack up a staggering $10 billion deficit over the next 18 months.

Schwarzenegger and his top aides this week have privately told lawmakers and interest groups that the gap could top $14 billion and warned cities, counties and health and welfare agencies to expect cuts.

Last month, Schwarzenegger ordered agency leaders to draft plans for across-the-board cut as high as 10 percent.

State lawmakers have been criticized in recent weeks for pushing through a raise for themselves, despite the state's fiscal trouble

[xao]

No, Grey(Red) Davis and illegal aliens bankrupted it. Arnold just contributed to it even more.

He did nothing re: the borders or illegals. He's worthless and so is his ugly liberal-marxist wife.

[Nefertiti]

It sounds like to me the system of ballot initiatives may be behind what bankrupted it. In California, as long as one can get enough signatures, one can get any silly issue on the ballot, including programs that are funded by bonds. My favorite silly issue was the ban on horsemeat, although that didn't involve any bonds. In any case, if it is those kinds of initiatives behind this, then the people of California are to blame. In any case, it sounds like the Governor's hands were tied in adding that to the budget-since those bonds were probably issued before his time.

The other problem is the drug war. More money is spent on locking people up in prisons in California than elsewhere, more than is spent on the higher education system.

[Man from La Mancha]

I like the laws decided on by the people directly if they understand them how written, but understand I'm not proficient in that topic. This is easy, just cut all aid to illegals off, arrest and deport illegals at hospitals after HELPING THEM, crack down on all gang violence by deporting the 50% of them that are illegal. REWARD those who come here to work with work permits that last 6 months of the year so twice as many can come to work yet are at home with there families and helping their countries to change for the better 6 months of the year. Make Calf. the easiest state to do business in with the least regulation but polluting your neighbors property rights is strictly enforced by he courts. Make Calf. the Hong Kong of the US.

.

[Jagwarr]

NJ is in about the same situation but we have Bilderberger member Jon Corzine as Governor. NJ's Corzine is often a guest speaker at state union rallies and has even chanted such things as "WE HAVE TO FIGHT FOR A FAIR CONTRACT FROM THE STATE" during these rallies. Remember as the Governor he is supposed to represent the people.

He then proceded to single handedly negotiate the very same state union contracts with his x mistress who runs the unions. Sounds crazy but it's true and that is just the tip of the story.

Like California, many middle class citizens are leaving NJ in droves and being replaced by illegals. Spending cuts are never considered and our future looks bleak to say the least. Just letting you CA. folks know that your not alone out there.

[10thAmendmentMan]

I'm surprised that after the total recall vote, Arnold didn't terminate the debt. I guess he just spat out a bunch of true lies like any other predator on the ballot. After office, even a running man could not escape his shame.

Somehow, it seems like we ought to have figured out a way to give incentives to politicians to cut spending by now. That's the only way it would ever happen on its own.

[dwdollar]

California....
















YOU ARE TERMINATED!

[Man from La Mancha]

ARNOLD & BUFFETT's LOADED ELEPHANT GUN?
Buffett's Back, with the Terminator!
Reported By: Reuters
Tuesday, September 24, 2002

WADDESDON MANOR, England (Reuters) - The world's second-richest man dropped into the English countryside with the Terminator at his side on Monday, a day after warning the UK's corporate big game his elephant gun was loaded.

Billionaire Warren Buffett and mean machine Arnold Schwarzenegger touched down by helicopter on the immaculate lawns of Waddesdon manor, a Renaissance-style chateau in the undulating hills of Buckinghamshire.

Buffett, 72, is guest of honor at a closed two-day meeting of some of the world's most powerful businessmen and financiers -- the ultimate networking opportunity.

The get-together in the ancestral home of the Rothschild banking family will discuss economic and political issues, the organizers said. But Buffett's remark, made in a weekend newspaper interview, that he is looking for a "big deal" in Britain has stolen the agenda.

"We are hunting the elephant... We have got an elephant gun and it's loaded," Buffett told the Sunday Telegraph.

Among those invited to Waddesdon Manor were the likes of James Wolfensohn, president of the World Bank, Jorma Ollila, chief executive of Nokia and De Beers chairman Nicky Oppenheimer.

Schwarzenegger was on the guestlist as a celebrity customer of the conference sponsor NetJets Inc, a private jets business owned by Buffett's Berkshire Hathaway Inc..

This year's stock market carnage is made for Buffett, the billionaire Oracle of Omaha, Nebraska. A godsend for firms who need cash quickly, he has more than $7 billion in cash on hand, and can set-up iron-clad deals in a day. His philosophy is simple: "Work out how much it will pay out from now until Judgement Day, then discount it back and buy it cheaper," he told shareholders at his annual meeting in May, when asked for the secret of his success.

A procession of black cars with darkened windows swept up the drive of the 120-year-old English country house amid tight but discreet security.

A group of photographers captured the moment when Buffett and Schwarzenegger, resplendent in steel-tipped cowboy boots, stepped onto Waddesdon's freshly cut lawn to be greeted by Lord Jacob Rothschild.

"It's very nice of you to host this," Schwarzenegger said.

http://www.fuer-deutschland.net/02/gif__Billionaire_Warren_Buffet_+_Arnold_Schwarzene gger_+_Jacob_Rothschild.jpg




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-"Ron Paul has no alarm clock, but instead wakes every morning to the call of freedom" -RonPaulFacts.com

[Sean]

McClintock.

In the 90s Californians voted to cut services to illegals. Of course the courts struck it down and the dems and neocons running the government refused to fight and appeal for the referendum.

[Antonius Stone]

if the federal government just got off our backs about Medical Marijuana and Industrial Hemp, California would be swimming in money.

fuck the feds; Go Arnold

[mavtek]

Well, I don't get that, California has an income tax and property taxes and some of the highest property values in the world. So how do they not have enough money?

[10thAmendmentMan]

Well, I don't get that, California has an income tax and property taxes and some of the highest property values in the world. So how do they not have enough money?

Doesn't matter how much money you raise if you spend way too much.

[hawks4ronpaul]

One of Arnold's first actions was to beg for a federal handout but Bush amazingly gave a Coolidge-like "No."

http://hawks4ronpaul.blogspot.com/

[Kregener]

California was bankrupt long before Arnold stumbled onto the scene.

[Antonius Stone]

Doesn't matter how much money you raise if you spend way too much.

absolutely true, and there is a lot of spending that needs to be cut...

BUT, Medical Marijuana in CA is already a $15 Billion a year industry, and further growth is being inhibited by the periodic federal government raids.
Industrial Hemp could easily grow to be 3-4 times that in five years or less.

as i said, FUCK THE FEDS

[hard@work]

Well, I don't get that, California has an income tax and property taxes and some of the highest property values in the world. So how do they not have enough money?

Our government does not. We went from having the best roads in the nation to some of the worst. Stuff like that is effected by this which effects all of us here. It's a lot more complex than just Davis or Governator. We were pretty messed up by the energy scandals, they sucked a lot of our money away from the state.

I've read that if we did not provide welfare benefits to illegal immigrants that we would have enough money to fund the schools, repair the roads, and pay down our debt. I do not know if that statistic is correct but man ...

[JosephTheLibertarian]

I remember there was a Libertarian candidate for that state on that last go around... unfortunately, the people of that state don't know what they missed out on!

[Grandson of Liberty]

I'm surprised that after the total recall vote, Arnold didn't terminate the debt. I guess he just spat out a bunch of true lies like any other predator on the ballot. After office, even a running man could not escape his shame.


:D

Californian's voted overwhelmingly to stop spending on services for illegal aliens several years ago. . .and like Sean said the courts struck it down, eliminating our voice. Reminds me of something I heard once upon a time of taxation without representation. :rolleyes:

[JosephTheLibertarian]

I bet a libertarian candidate would make California rich, and prosperous, by doing...absolutely nothing :D

-cut ALL welfare completely

-privatize and close down public education

-do away with state income tax and replace it with...nothing lol

-deregulate entire industries

-property law reform

-repeal laws

-legalize gambling/drugs/prostitution

it wouldn't even matter if you had open borders at this point because you have just shredded the incentives for them to migrate to Cali in the first place

[xao]

It sounds like to me the system of ballot initiatives may be behind what bankrupted it. In California, as long as one can get enough signatures, one can get any silly issue on the ballot, including programs that are funded by bonds. My favorite silly issue was the ban on horsemeat, although that didn't involve any bonds. In any case, if it is those kinds of initiatives behind this, then the people of California are to blame. In any case, it sounds like the Governor's hands were tied in adding that to the budget-since those bonds were probably issued before his time.

The other problem is the drug war. More money is spent on locking people up in prisons in California than elsewhere, more than is spent on the higher education system.

Do you know the number of signatures needed to get an issue on the ballots? I think it's quite a lot from what I remember. And how the hell else can people have a voice otherwise? They'd have to lobby up the ying yang and that's just not going to happen with neocons and socially liberal-marxist nuts in the ca. govt.

However you are right that some propositions do go through that never should. The last election I was amazed that some things passed when clearly they shouldn't have even come close. This was also when diebold machines were used so that is another thing that people are angry about.

[xao]

I bet a libertarian candidate would make California rich, and prosperous, by doing...absolutely nothing :D

-cut ALL welfare completely

-privatize and close down public education

-do away with state income tax and replace it with...nothing lol

-deregulate entire industries

-property law reform

-repeal laws

-legalize gambling/drugs/prostitution

it wouldn't even matter if you had open borders at this point because you have just shredded the incentives for them to migrate to Cali in the first place


If you move to california and decide to run, let us know. :D

[literatim]

Someone run for governor as a Ron Paul Republican.

[xao]

One of Arnold's first actions was to beg for a federal handout but Bush amazingly gave a Coolidge-like "No."

http://hawks4ronpaul.blogspot.com/


Bush hates californians. We all despise bush and his lame-cowboy-ass. We don't want his dirty money. :D

[JosephTheLibertarian]

If you move to california and decide to run, let us know. :D

I'm not even old enough lol. Well, these are standard libertarian positions. It's probably best to:


reach to your party's base in primaries
become moderate in the general election
then be an ideologue when elected


:p

[xao]

:D

Californian's voted overwhelmingly to stop spending on services for illegal aliens several years ago. . .and like Sean said the courts struck it down, eliminating our voice. Reminds me of something I heard once upon a time of taxation without representation. :rolleyes:

California itself is a nightmare because of this. Gangs everywhere, hospitol closures. Free healthcare and benefits for them. etc. While LEGAL americans pay the bills.

And quite frankly I've seen Los Angeles devalued and go down-hill in so many areas the last 50 years because of illegal immigration. Once great, family fun areas are now gang zones.

People say we have 20+ million illegals in the u.s. now? I'd say that we have about that many in california alone!

The marxo-fascist 9th circuit court in Frisco struck down the peoples initiative to stop illegals from getting things for free.

I'd like to remove the 9th circuit altogether from this state.

[Richandler]

Califronia has way to many socialist and not enough vocal libertarians. I have a feeling that is going to change. The budget is 14 Billion dollars or 40% higher than it is supposed to be. It's absurd. People are going to move out and illegals will avoid the income tax while everyone else pays even more. I voted for all Libertarian candidates last election. I encourage anyone else capable of doing so to also participate in changing California politics.

Let me add. This isn't Arnold's fault. It's the delusional Democrats in the legislature.

[xao]

Califronia has way to many socialist and not enough vocal libertarians. I have a feeling that is going to change. The budget is 14 Billion dollars or 40% higher than it is supposed to be. It's absurd. People are going to move out and illegals will avoid the income tax while everyone else pays even more. I voted for all Libertarian candidates last election. I encourage anyone else capable of doing so to also participate in changing California politics.

I did the same thing. I voted for independents, libertarians and "constitution party" people who ran for election.

Too many people don't see the light, though I thought that would change at the last election cycle. And of course so did others as the voting machines were used to qwell real change imo. I think their could be anger and possible riots in the next election. Certainly anger and lawsuits.

[jd603]

This is something I fear. Bankrupting of the states, federal bailouts would make states further dependent on the federal government thus granting the federal government more control of the states and further consolidating power to the federal government.

:mad:

[DamianTV]

No, Grey(Red) Davis and illegal aliens bankrupted it. Arnold just contributed to it even more.

He did nothing re: the borders or illegals. He's worthless and so is his ugly liberal-marxist wife.

No the concept of the Federal Reserve bankrupted it. Every politician wants to make their changes and sound like they will help fix every problem, but really to do that what should have happened is they should have been raising taxes to pay for those things. Now here comes the Federal Reserve to the rescue. The Federal Reserve, our enemy, and the politicans friend because now he can spend the money and not raise taxes. Raising taxes obviously makes that politician unpopular.

Having the Federal Reserve is like giving every politician a Credit Card with no limit, but we get to pay the bill to them thru our Income Taxes.

[xao]

No the concept of the Federal Reserve bankrupted it. Every politician wants to make their changes and sound like they will help fix every problem, but really to do that what should have happened is they should have been raising taxes to pay for those things. Now here comes the Federal Reserve to the rescue. The Federal Reserve, our enemy, and the politicans friend because now he can spend the money and not raise taxes. Raising taxes obviously makes that politician unpopular.

Having the Federal Reserve is like giving every politician a Credit Card with no limit, but we get to pay the bill to them thru our Income Taxes.

It says you're in Nevada.

It's true that the fed did its part as well but so did all of the other things that people explained.

[SeanEdwards]

I like the laws decided on by the people directly if they understand them how written, but understand I'm not proficient in that topic. This is easy, just cut all aid to illegals off

California voters tried that:

http://en.wikipedia.org/wiki/Proposition_187

Federal courts overruled the will of the voters, and said that we had to keep offering the full gamut of services to illegals.

[noxagol]

California voters tried that:

http://en.wikipedia.org/wiki/Proposition_187

Federal courts overruled the will of the voters, and said that we had to keep offering the full gamut of services to illegals.

Another horror of the 14th Amendment.

[xd9fan]

hey Sean Hannity are you happy with Arnold?????
Dumb shit

Tom McClintock could have done so much better.......but you like the party picked fame over principle

[Mr. Coolidge]

One of Arnold's first actions was to beg for a federal handout but Bush amazingly gave a Coolidge-like "No."

http://hawks4ronpaul.blogspot.com/
Good move on Mr. Bush's part. I approve.