what people don't ask is why is california going broke?? let's see, massive government spending, no savings whatsoever, massive state pension, which by the way are close to worthless now. Over paying for every state contract, wasting every resource available, instant gratification. States should be required to only spend 65% of what they bring in and leave the rest in an interest bearing account. We in the USA have lived the last 15 years spending everything we make and then borrowing when we cant spend anymore. Massive state education spending yet the kids are some of the dumbiest in the world. California has to slash spending and stop over paying for everything. Savings has to go up and debt has to be eliminated.
California to default next week!
- Thread starter peilthetraveler
- Start date
i also read a post about how stupid arnold is. Look at where arnold came from, austria. He came to this country with no money and no family, he rose to the top of the body building world and then became one of the best actors in hollywood. He married a kennedy because thats what he wanted to do and everything he put his mind into he has succeeded. And those great financial minds look what they have done, almost every bank in this country would have gone bankrupt if it was not for the fed rescuing them. even the great goldman sachs could not see this happening. Those great financial minds are only worried about their bank account not the country's or californias.
Ok kid, you REALLY do not understand how the world works.
Bush is just a public figure, he is not a decision or policy maker, he just plays one on TV. Get it? Same goes for the Gobernator & Obama. Obama spends most, if not all, of his time giving speeches to people. Do you really think he is actually doing anything? Or is he just doing his job of keeping the masses appeased with his charisma? I hope the answer is obvious.
As for suggesting Gates getting into office, guess what, he already makes decisions which are then executed by the regulatory bodies. He is also an utter heartless scumbag. His charity foundation is currently testing biological warfare in Africa, as well as depopulation measures via forced sterilizations. Is that whom you would like to bow down to?
Arnold also got his degree in business & economics from University of Wisconson and used the money he won in body building contests to invest in real estate and start a mail order body building equipment company. He was a millionaire by age 22.
Arnold has little to do with it... leftist shitheads have ran the state for decades. They don't understand anything but tax and spend but now the voters have made it plain they don't want more taxes. Arnold put initiatives on the ballot to answer that question. The voters here don't seem to be saying a thing about the state defaulting, probably only all the unionized state workers care about that..
Arnold is not dumb or unqualified, he's highly qualified, he ran a large business for a long time, now he's escorted the state to the brink where the leadership will have to decide how they are going to live within their means... I'm for pushing the whole thing off the edge of the world and letting those union workers.... what, go on strike? LOL.. riot? We're used to riots already... their pensions are already fantasy, maybe it's time they got real jobs somewhere...
Arnold is not dumb or unqualified, he's highly qualified, he ran a large business for a long time, now he's escorted the state to the brink where the leadership will have to decide how they are going to live within their means... I'm for pushing the whole thing off the edge of the world and letting those union workers.... what, go on strike? LOL.. riot? We're used to riots already... their pensions are already fantasy, maybe it's time they got real jobs somewhere...
By JUDY LIN, Associated Press Writer Judy Lin, Associated Press Writer ââ¬â Fri Jun 26, 2:45 pm ET
SACRAMENTO, Calif. ââ¬â California lawmakers remain at an impasse over solving the state's $24.3 billion deficit as the state controller prepares to hand out roughly $3 billion in IOUs.
according to some this is politics and religion not economics.
that makes alot of sense.
any parallel to the provinces of argentina defaulting years ago is absurd.
SACRAMENTO, Calif. ââ¬â California lawmakers remain at an impasse over solving the state's $24.3 billion deficit as the state controller prepares to hand out roughly $3 billion in IOUs.
according to some this is politics and religion not economics.
that makes alot of sense.
any parallel to the provinces of argentina defaulting years ago is absurd.
Not really a problem. Just hand out more and more IOUs each year.
Like Grandpa said, "Rather owe it to you all your life than cheat you out of it."