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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (122910)	1/31/2012 2:23:01 PM
From: locogringo	5 Recommendations Respond to of 224704

Compared to the Great Depression, the recovery was quite good. Other than that Mrs. Lincoln, how was the play?

To: Kenneth E. Phillipps who wrote (122910)	1/31/2012 2:39:32 PM
From: longnshort	5 Recommendations Read Replies (2) \| Respond to of 224704

CBO says 2 % growth this year and 1% next year. When Bush was Pres. the NY Slimes said anything under 3.5% is a recession. So Obama still has us in a recession

To: Kenneth E. Phillipps who wrote (122910)	1/31/2012 6:22:37 PM
From: lorne	3 Recommendations Respond to of 224704

Bitter cold records broken in Alaska – all time coldest record nearly broken, but Murphy’s Law intervenes Posted on January 30, 2012 by Anthony Watts wattsupwiththat.com Jim River, AK closed in on the all time record coldest temperature of -80°F set in 1971, which is not only the Alaska all-time record, but the record for the entire United States. Unfortunately, it seems the battery died in the weather station just at the critical moment. While the continental USA has a mild winter and has set a number of high temperature records in the last week and pundits ponder whether they will be blaming the dreaded “global warming” for those temperatures, Alaska and Canada have been suffering through some of the coldest temperatures on record during the last week. For example in Circle Hot Springs, AK on Sunday, 29 Jan 2012 the HIGH temperature was a blistering -49°F, breaking the -44°F record which has stood since 1917. It gets better. That same day in Circle Hot Springs the low temperature was -58°F breaking the old record of -52°F set in 1941 by six degrees.

To: Kenneth E. Phillipps who wrote (122910)	1/31/2012 6:25:09 PM
From: lorne	4 Recommendations Read Replies (1) \| Respond to of 224704

kenny..Is washington state next? Controller: State to run out of cash in March without action Tuesday, January 31, 2012 blogs.sacbee.com California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today. The announcement is surprising since lawmakers previously believed the state had enough cash to last through the fiscal year that ends in June. But Chiang said additional cash management solutions are needed because state tax revenues are $2.6 billion less than what Gov. Jerry Brown and state lawmakers assumed in their optimistic budget last year. Meanwhile, Chiang said, the state is spending $2.6 billion more than state leaders planned on. The Assembly budget committee approved a bill today that would enable $865 million of borrowing from existing state accounts, Senate Bill 95. Chiang, after consultation with the Department of Finance and state Treasurer Bill Lockyer, is also seeking about $2.4 billion in delayed payments to universities, counties and Medi-Cal, as well as additional borrowing from outside investors. Absent these actions, the state would fall below its prudent $2.5 billion cash cushion on Feb. 29, Chiang estimated. On March 8, the state would actually end up $730 million in the red. The state would be below the safe cash cushion for several weeks ending April 13, save for several days at the end of March. With such actions, Chiang believes the state would not have to use IOUs or delay tax refunds, maneuvers that have been relied upon in previous years. But Chiang also said that "more cash solutions may be required if our revenues continue to erode or if disbursements significantly exceed estimates." California borrows money early each fiscal year because the state has regular monthly expenses but receives the bulk of its tax revenues in the spring. The state borrowed $5.4 billion last fall for this purpose. Assemblyman Bob Blumenfield, D-Woodland Hills, downplayed the significance of the new borrowing in a hearing. He said $5.4 billion was small relative to the $10 billion state leaders were prepared to borrow last year. Some Republicans raised questions about when the borrowing from state accounts from would be paid back and why the state is spending more than expected. Michael Cohen, chief deputy director of Brown's Department of Finance, said the state would pay back special funds whenever programs need the money to operate. Cohen also said the state is spending more money than expected because courts have blocked some cuts, while some savings may come later in the fiscal year than forecasters predicted.