|
| Page 1, 2, 3, 4 |
CALIFORNIA IS IN DEFAULT!
|
Sickandtired
User ID: 493500
7/5/2009 5:14 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
Here is my question, if a funeral is scheduled here, the family is expected to pay for it, who is going to pay for this huge memorial service for Michael Jackson, is the family paying the 2 million for the security or is California?
Co funded by the estate and the city of LA. Quoting: Anonymous Coward 619969
But they can't pay the unemployment, guess we know what is important. |
|
Anonymous Coward
User ID: 717976
7/5/2009 5:17 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
The only massive crop we grow is corn, it seems. It's too late to diversify. We're doomed. Quoting: bed
Need to divest out of corn and plant these...(at link)
I didn't think they existed, until the Government started spending money as if grew on trees.
[link to www.neville1.com] |
|
Galaktic_conspicary
User ID: 718902
7/5/2009 5:21 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
debt is just a negative number in a coomputer they can just turn it positivie but they want u to suffer and pay for their spaceships
god damn illuminati |
|
Anonymous Coward
User ID: 512911
7/5/2009 5:23 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
>>Quite frankly, we are in urgent need of a valid new stimulus plan.<<
Quite frankly, you're an idiot.
Now, now, now, now. I don't claim to be a genius, but I seriously doubt that I am an idiot. I am a strong conservative who knows that a well constructed stimulus plan will save us from collapse. This is not a Republican Democrat thing. It is just an issue to save the nation. Quoting: Anonymous Coward 619969
LOL this is GLP moran.
 |
|
Anonymous Coward
User ID: 705645
7/5/2009 5:24 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
debt is just a negative number in a coomputer they can just turn it positivie but they want u to suffer and pay for their spaceships
god damn illuminati Quoting: Galaktic_conspicary 718902
If we could do that for breakfast, lunch and dinner, it might matter? |
|
Anonymous Coward
User ID: 697612
7/5/2009 5:27 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
By issuing IOU's, they are in legal default on short term debt. Technically, those creditors can take the state into Federal Bankruptcy Court to get payment. Quoting: Joe_Neubarth 619969
Bullshit.
. |
|
Anonymous Coward
User ID: 718513
7/5/2009 5:28 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
Quoting: Anonymous Coward 716441
ARNOLD YOU JACKASS |
|
Anonymous Coward
User ID: 651697
7/5/2009 5:36 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
Alot of good info here, and thanks for the suggestion to see what occurred during the Great Depression when no jobs were to be found. |
|
Anonymous Coward
User ID: 718513
7/5/2009 5:38 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
You get the gov your deserve.
Cali's people went to sleep and they will wake up the hard way.
-peace Quoting: Anonymous Coward 717082
+1
just as we turned our backs on the homeless, starving, and poor thus too we have turned our backs on the politicians safe and coddles in our mcmansions and shiny new automobiles.
well... looks like our perceived pimple has gone from boil to full-blown sepsis... our blood id riddles with bacteria and its eating us alive from the inside out.
indeed we are reaping the consequences of our collective reality. go ahead with pride, arrogance, and hatred. soon these emotions wont do shit for you except perhaps the last which may help you hang around a few days longer until the angry mob consumes you whole.
have a nice day |
|
Ladën x Lou
User ID: 692716
7/5/2009 5:40 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
They have 3 days left. After that, the banks won't accept the IOUs... and you will have chaos in the streets. Quoting: Anonymous Coward 718668
No neeed to fear Arnold has set up tent cities!
"Be who you are and say what you feel because those who mind don't matter and those who matter don't mind."
~ Dr. Seuss |
|
Anonymous Coward
User ID: 368803
7/5/2009 5:52 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
California is the 8th largest economy globally. Put simply an economic failure will have worldwide repercussions.
Notice though how the banks are calling the tune as to whether they will accept Californian 'debt'. The true rulers are showing their face. |
|
Geode nli
User ID: 712555
7/5/2009 5:53 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
I have lived in Cali for most of my life. It is more than sad to see what has become of this beautiful, and productive wonderland. The liberals, in league with the greedy unions and government workers have saddled our tax base with outrageous salaries, health care plans, and worst of all golden-parachute pension plans that eclipse the most extravagent private sector plans. One mayor in a small LA town is getting over $500,000 per year into perpetuity as his pension benefit. School teachers getting paid more than any other state in the union, yet 50% drop out rate and amongst the worst SAT test scores. Cali used to have the best schools and test scores.
Our illegal alien(Mexicans primarily) population receives more billions than our state budget is underwater, so that IS the biggest problem. Due to the US govs unwillingness to stem the flow of illegals across the southern border, Schwartzneger is justified in asking for federal dollars to make up for those expenses that they have caused. He should have cut off the welfare/hospitals/ and the Calif Medicaid etc. programs to all illegals and stood up to the ultra liberal State Legislature, but he became very pussified after a couple of defeats via propositions he espoused and pushed for.
Our agricultural industry used to be stupendously strong with amazing productivity, but due to idiotic Federal EPA laws is being destroyed in our Central Valley where most of our agriculture is located. The EPA has forced the closure of much of our acqueduct fed irragation system water which transports water from the Sierra Nevada mountain snow melt to the farmers. Without the water, huge swaths of farmland is laying fallow or has withering/dead crops. It is beyond sad, and will lead to skyrocketing produce prices, and more of our foodstuffs coming from Mexico and S. America. More lost revenue for the state and lots of additional unemployed.
Real Estate has been dropping more than most other states, and thus property taxes are heading down quickly. We really need bankruptcy protection so the pension obligations can be rewritten to align with private sector pension payout levels. Otherwise, it's curtains for the biggest State Economy in the union....California here I come(or here we go)!!!
 |
|
Geode nli
User ID: 712555
7/5/2009 6:07 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
Forgot to mention that the reason for shutting down the acqueduct water to the farmers is due to a small delta fish which adapted to the acqueducts and is on the endangered species list. They get sucked into the pumps and killed so the idiotic EPA forces the shut down of our entire agricultural system. Many of the farmers have already been forced into bankruptcy, with a flood of others next year. No planting will occur next year if there is no assurance of water availability. |
|
Mickeyblue
User ID: 330969
7/5/2009 6:11 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
"the only massive crop we groww is corn"?
You cannot seriously be speaking of California. We produce about half the nation's food supply. We are diversified in our produce. Fruits, both fresh and processed, vegetables the same, nuts and dried proudcts, forest products and on and on. We export our technology too and so much more. |
|
Joe_Neubarth
User ID: 619969 (OP)
7/5/2009 6:21 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
Bankruptcy for California is the only logical path out of this mess. Maximum pension for anybody should be reduced to 30,000/yr. A bankruptcy could allow the court to make that judgment.
The state has the worst and most wasteful school system in the history of the world. With a bankruptcy the state could set up a voucher system that would cost less than half of the present system. Parents could chose to have their children taught in church schools, cooperative school or even home schools as long as the children tested at grade level or above.
All of the ultra liberal social welfare systems need to be shut down. If the illegals and their children can not work to support themselves, they can go back to Mexico and save the state 25 Billion a year in social expense. |
|
Anonymous Coward
User ID: 681616
7/5/2009 6:35 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
"the only massive crop we groww is corn"?
You cannot seriously be speaking of California. We produce about half the nation's food supply. We are diversified in our produce. Fruits, both fresh and processed, vegetables the same, nuts and dried proudcts, forest products and on and on. We export our technology too and so much more. Quoting: Mickeyblue 330969
you don't produce half my food supply , buckwheat. even so it doesn't take 38 million calisites to produce all that food more like 3 million if that. so fucko if you think the rest of the states are going bail out your top 5 useless eater employers. you are sadly mistaken .
trade, transportation, and utilities; government; professional and business services; education and health services; and leisure and hospitality. In terms of output, the five largest sectors are financial services, followed by trade, transportation, and utilities; education and health services; government; and manufacturing.
[link to en.wikipedia.org]
if you are seriously implying you are entitled to a bailout or you will hold the food supply hostage. you are in for one rude awakening bud , 35 million calitards are expendable if you care to take that track ) |
|
Geode nli
User ID: 712555
7/5/2009 6:41 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
The class size with only 20 to 25 students per classroom is absurd, and in no way has improved learning. When I went to school in Cali the classes were 35 to 40 students per class and I went straight into UCLA from High School with a sky high SAT score, especially compared with what they are producing currently. Larger class size doesn't reduce learning, poor teaching, and poor language skills do. Smaller class size requires more teachers and more classrooms being constructed. The unions LOVE both of these requirements and they fund the Dems to the max, with deceptive TV ads that run multiple times per hour on all local programs during any pre-election period. State workers get salaries that are not to be believed plus benefit packages that would make many CEO's jealous. The previous prosperity of our state has allowed these abuses to remain in place, but they've run up against the wall, and karma will have its due!!! |
|
Anonymous Coward
User ID: 601901
7/5/2009 6:46 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
Bankruptcy for California is the only logical path out of this mess. Maximum pension for anybody should be reduced to 30,000/yr. A bankruptcy could allow the court to make that judgment.
The state has the worst and most wasteful school system in the history of the world. With a bankruptcy the state could set up a voucher system that would cost less than half of the present system. Parents could chose to have their children taught in church schools, cooperative school or even home schools as long as the children tested at grade level or above.
All of the ultra liberal social welfare systems need to be shut down. If the illegals and their children can not work to support themselves, they can go back to Mexico and save the state 25 Billion a year in social expense. Quoting: Joe_Neubarth 619969
There is no legal way for a state to go bankrupt....it is not an option....they may only default and pay their debts a a later date as tax revenue becomes available.
This idea of state bankruptcy is derived from our woeful educational system....seems at least half of respondents to posts regarding states defaults think they should go bankrupt.
?????? |
|
Anonymous Coward
User ID: 712555
7/5/2009 6:49 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
681616,
The only justification for Federal "bailout" money being paid to Cali, and it is well justified due to the following reason IMHO, is that the Federal Govt. has failed in its obligation to protect the states from the illegal invasion by foreigners crossing our southern borders. They have not built the MANDATED border fence, and refused to fund that project beyond a small initial pseudo-effort to build a few miles of fence. Our budget deficit is considerably LESS than the costs our state is suffering from the illegal alien problem. We would not be near bankruptcy and would not have a deficit were it not for the Feds failure to do their job!!!!! |
|
Anonymous Coward
User ID: 717523
7/5/2009 6:52 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
so on Monday we should see heads roll and caravans leaving CA? |
|
LURKING
User ID: 656081
7/5/2009 6:55 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
There is no legal way for a state to go bankrupt....it is not an option....they may only default and pay their debts a a later date as tax revenue becomes available.
This idea of state bankruptcy is derived from our woeful educational system....seems at least half of respondents to posts regarding states defaults think they should go bankrupt.
?????? Quoting: Anonymous Coward 601901
Might not apply to whole states.
Chapter 9, Title 11 of the United States Code is a chapter of the United States Bankruptcy Code, available exclusively to municipalities
[link to en.wikipedia.org]
"The Truth is so valuable that it must be protected with a bodyguard of lies"
Winston Churchill
Punted from GLP for the last time by unresponsive mods. Have gone to greener pastures where there is more professionalism. |
|
Geode nli
User ID: 712555
7/5/2009 6:55 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
601901,
States, Counties, and incorporated Cities can ALL go bankrupt!!!!! I went to law school, passed my bar exam in California, and Cali can indeed go bankrupt. It is a corporation!!! And that corporation can go bankrupt!!! Are you a state worker, or pensioner and are afraid that your gravy train is about to end????? Sorry, but all corporations can go bankrupt, including your state.
 |
|
Anonymous Coward
User ID: 717523
7/5/2009 6:57 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
don't u love the lib's and their wonderful touchy feelie economics......does that gives u that tingley feeling up ur leg??? Quoting: picesnator
Thanks buddy and all your pond scum ilk
we dont forget ya |
|
Geode nli
User ID: 712555
7/5/2009 6:58 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
Orange County, north of San Diego, went bankrupt ten or fifteen years ago, case in point. |
|
Anonymous Coward
User ID: 681616
7/5/2009 7:00 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
681616,
The only justification for Federal "bailout" money being paid to Cali, and it is well justified due to the following reason IMHO, is that the Federal Govt. has failed in its obligation to protect the states from the illegal invasion by foreigners crossing our southern borders. They have not built the MANDATED border fence, and refused to fund that project beyond a small initial pseudo-effort to build a few miles of fence. Our budget deficit is considerably LESS than the costs our state is suffering from the illegal alien problem. We would not be near bankruptcy and would not have a deficit were it not for the Feds failure to do their job!!!!! Quoting: Anonymous Coward 712555
boo fucking hoo, if you wanted the fence bad enough you could have had fund raisers for it . |
|
LURKING
User ID: 656081
7/5/2009 7:03 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
don't u love the lib's and their wonderful touchy feelie economics......does that gives u that tingley feeling up ur leg???
well since the Republicans got us into this mess=Bush using OUR tax money to give trillions to banks -doesnt the fact that America is catching on make a CON-job warm and fuzzy inside thanks to YOU people we will be in debt forever as taxes climb to pay the interest let alone principal
Thanks buddy and all your pond scum ilk
we dont forget ya Quoting: Anonymous Coward 717523
Hey... lookie.. another CHANGE worm.
"The Truth is so valuable that it must be protected with a bodyguard of lies"
Winston Churchill
Punted from GLP for the last time by unresponsive mods. Have gone to greener pastures where there is more professionalism. |
|
Anonymous Coward
User ID: 601901
7/5/2009 7:04 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
Orange County, north of San Diego, went bankrupt ten or fifteen years ago, case in point. Quoting: Geode nli 712555
Counties and municipalities ARE allowed to go bankrupt but NOT STATES!!! |
|
Anonymous Coward
User ID: 717523
7/5/2009 7:05 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
[youtube [link to www.youtube.com]
this is TOOOOOOOOOOO funny to watch
NOW whos the girlie man?
He can thank the REPUBLICAN party for helping to get him into this mess
but will they help?
Nope=they will leave AH-NOLD hanging-twisting in the wind
loyalty |
|
Sickandtired
User ID: 493500
7/5/2009 7:09 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
681616,
The only justification for Federal "bailout" money being paid to Cali, and it is well justified due to the following reason IMHO, is that the Federal Govt. has failed in its obligation to protect the states from the illegal invasion by foreigners crossing our southern borders. They have not built the MANDATED border fence, and refused to fund that project beyond a small initial pseudo-effort to build a few miles of fence. Our budget deficit is considerably LESS than the costs our state is suffering from the illegal alien problem. We would not be near bankruptcy and would not have a deficit were it not for the Feds failure to do their job!!!!!
boo fucking hoo, if you wanted the fence bad enough you could have had fund raisers for it . Quoting: Anonymous Coward 681616
Why all this grumbling against other Americans. We are all in this mess, and the truth of it is because we allowed all manufacturing jobs to be shipped overseas. Now it is the service sector. We are all in this mess, quit calling other Americans names and start working to save our country. |
|
Anonymous Coward
User ID: 717523
7/5/2009 7:10 PM | | Re: CALIFORNIA IS IN DEFAULT! | Quote |
Yes you can. You need to go to war NOW! Just as WW2 is the only thing that got you out of the Great Depression, a huge war now is the only thing that will get you out of this economic disaster. The choice is yours. Well, no, actually, it isn't yours. The decision has already been made. The war with Iran will continue on schedule whether you want it or not. You're just being encouraged to go along with it through looming economic disaster. But I'm sure you'll make the right choice. So get your gear together and start singing those patriotic songs. You don't want FOX News to publicly smear your for being UNPATRIOTIC, do you? Of course you don't! You need that weekly paycheck to pay your lifelong debt to the banks and feed your family. You're going to Iran to kill as many muslims as you can. Have a nice trip! Sorry, I won't be going. I have to stay here to watch my investments skyrocket in value while the war is being waged. But while I'm here I'll be waving the flag and wearing a yellow ribbon, and I'll be pointing the finger at all the UNPATRIOTIC desenters who denouce the war or refuse to wear the ribbons.
--------
uh how do you expect to find the trillions needed for a new war?
as our credit is now worthless-and isnt that just what we need-to do as FDR did-
borrow even more money -although back when we had no debt-to carry on a war?
sharp thinking!
tax and spend, borrow and spend, bailout the banks and spend
Republican logic |
|
| Page 1, 2, 3, 4 |
|
