PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: sea_biscuit who wrote (494394)	11/17/2003 5:50:49 PM
From: TigerPaw	Read Replies (1) of 769667

s it just me or is this whole thing looking like a humongous game of smoke and mirrors?! It looks like California's Arnold is learning the "Borrow your way to prosperity" republican lesson already. <font color=navy>Schwarzenegger's transition staff proposed floating $20 billion in bonds as an instant deficit-ender. But state Treasurer Phil Angelides, another likely Democratic candidate, responded that such a huge bond issue would push California's bond rating down to junk level. Such a low rating would doom the bonds to high interest rates, Angelides said.</font> Okay Californians, assume the position. TP

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