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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (168404)12/2/2008 5:30:52 PM
From: Bank Holding CompanyRead Replies (1) of 306849
 
Thank God that clown didn't get what he wanted. Now he can sit on his cabana and smoke his cuban cigar....we don't care.

ARNOLD'S DREAM FOR OUR FUTURE GOVERNOR'S $222 BILLION PUBLIC-WORKS PLAN IS FUNDED MOSTLY BY BONDS, AND NO NEW TAXES.

Byline: Harrison Sheppard and Steve Geissinger Sacramento Bureau

SACRAMENTO - Gov. Arnold Schwarzenegger Arnold Alois Schwarzenegger (German pronunciation (IPA): ['a??n?lt 'alo??s '?va????n???g?] spelled out a sweeping vision for California's future Thursday, calling for nearly a quarter trillion dollars in spending on schools, highways and ports to brace for a wave of population growth over the next decade that threatens to overwhelm the state's crumbling infrastructure.
``We must build a California eager to meet the challenges of the 21st century without reluctance or fear,'' Schwarzenegger said of his $222 billion public-works spending plan.

The governor said his Strategic Growth Plan could be rolled out without any new taxes.

The cornerstone is a $68 billion bond issue, to be funded in stages over the next decade, including $25 billion on this year's June or November ballot. It also calls for new user fees and public-private partnerships to generate revenue through toll roads The following is a list of toll roads. Toll roads are roads on which a toll authority collects a fee for use. This list also contains toll bridges and toll tunnels. Lists of these subsets of toll roads can be found in List of toll bridges and List of toll tunnels. and other projects.

The plan covers everything from building new schools to port infrastructure, freeways, levees, courts and prisons. In its present form, it only mentions a few specific projects, including $350 million for a high-occupancy-vehicle lane on the 405 Freeway.

Schwarzenegger was more contritecon·trite
adj.
1. Feeling regret and sorrow for one's sins or offenses; penitent.

in this year's State of the State, following a year in which he aggressively - and ultimately unsuccessfully - campaigned for the government reforms that were launched in his 2005 State of the State. After losing the special election, Schwarzenegger has pledged to work more cooperatively with Democrats.

``I have absorbed my defeat and I have learned my lesson,'' Schwarzenegger said. ``And the people, who always have the last word, sent a clear message - cut the warfare, cool the rhetoric, find common ground and fix the problems together.''

<a href="http://www.thefreelibrary.com/ARNOLD'S+DREAM+FOR+OUR+FUTURE+GOVERNOR'S+$222+BILLION+PUBLIC-WORKS...-a0140597964">ARNOLD'S DREAM FOR OUR FUTURE GOVERNOR'S $222 BILLION PUBLIC-WORKS PLAN IS FUNDED MOSTLY BY BONDS, AND NO NEW TAXES.</a>
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