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To: Think4Yourself who wrote (203853)	5/22/2009 10:21:59 PM
From: Bank Holding Company	Read Replies (1) \| Respond to of 306849

Boo Hoo for Clownifornia! ...and the band played on....

To: Think4Yourself who wrote (203853)	5/23/2009 1:49:41 AM
From: jmiller099	Read Replies (1) \| Respond to of 306849

The state also faces a related problem: Every year, California borrows money on the bond market to cover its day-to-day expenses and pays it back when tax receipts flow in This mode of operation is ridiculous. Lizzie alluded to it a lot last time they floated bonds in the fall. However, if I had a varying income stream that cycled predictably like that I would be saving the money from when the tax receipts flow in and collecting interest on it. Then spending it out when I hit the dry patch. As it has become an established cycle, I'd be taking steps to make the shift over X years to flip it around.

To: Think4Yourself who wrote (203853)	5/23/2009 1:14:51 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 306849

the government of CA is corrupt and an abject failure. they had a $10 billion surplus in the 1999 time frame, but the unions didn't like seeing that surplus, so they paid their bribe money and came out with a 50% increase in pension benefits. no more rainy day surplus as the corporate, fascist state unions got their fat pay day. this democratic state recalled sorry ss gray davis and elected a guy who said he was going to cut taxes and stream line government. lo and behold, it was all a lie. arnold lied through his teeth and turned out to be little more than gray davis with flabby muscles. it is one thing to milk the ignorant CA population during bubble years. it is quite another to milk the much more in tune CA population during bust years. the solution is to seriously cut the corporate fascist state union size and benefits. that won't come easily, but anything else is a band aid. yes, the fraudulent, lying politicians will claim CA demands more government so we have to pay for it. CA DID NOT DEMAND THE FAT PENSIONS FOR THE CORPORATE FASCIST UNIONS! THEY ARE LYING AGAIN. in order to get elected, all but one republican signed a no new taxes pledge. THEY LIED TO GET ELECTED. once elected, they all got together and decided to have three republicans vote for the largest state tax increase in hhistory and they all supported foisting prop 1A, another massive tax increase, onto the public AND THEN LIE ABOUT WHAT IT WAS - saying it was a spending cap and rainy day fund. now that 20% of us are unemployed, we have time to figure out the scams these sociopaths are playing on us - and it didn't work. the gravy train is over. LIVE WITHIN YOUR MEANS. 1. the fat pay and pension benefits need to be redone. 2. the illegal alien services have to be limited. 3. payola boards like the garbage board have to be undone lots of reading here about the failed CA government... revenues went from under $60 billion to over $100 billion since 1998. that's almost a 70% increase in revenues in 11 years. has your pay gone up 70% since 1998? globaleconomicanalysis.blogspot.com lots of reading here... google.com those desiring more taxes think a revenue increase of 70% in 11 years IS NOT ENOUGH. how the hll much is enough then? 100%? 150%? 200%? i think 70% is waaaaaaaaaay too much. if you want better government, tell them to spend the money more wisely.