Schwarzenegger's Alfred E. Neuman Bond Proposal

[kskiska]

If Californians saw the recall of Gov. Gray Davis and the election of Arnold Schwarzenegger as a great opportunity to fix California's broken fiscal system and its dysfunctional government, they're likely to be sorely disappointed.

What they seem to be getting instead is warmed-over Davis proposals, rejected ideas going back to Gov. Pete Wilson, among them his "King Pete" initiative that would give the governor sole power to cut spending in tight times, and Alfred E. Neuman "what, me worry?" borrowing plans that Californians will be paying off for the next 30 years.

(snip)

…in the era of George W. Bush and, now it seems, Arnold Schwarzenegger, that seems to be a thing of the past. When budgets are out of balance, put it on the credit card, stick it into ever-rising deficits, cut taxes, slash programs for those who can afford it least.

(snip)

Worse, as Angelides pointed out, the bond proposal, which Schwarzenegger/Arduin want the Legislature to approve before the end of this week so it can go on the March ballot, is structured in such a way that the state will still be paying it off in 2033. That means that part of the tab will go to the children and grandchildren of the Californians who don't want to pay for the services they're demanding now.

(snip)

Schwarzenegger/Arduin are already talking about deferring the vote on a proposed $12 billion school bond until November 2004, thereby presumably increasing the chance that their $15 billion Alfred E. Neuman bond would pass. Is this the way Schwarzenegger is protecting education?

more…
http://sacbee.com/content/politics/story/7891674p-8830169c.html

[Cha]

1. Kick!

[nolabels]

2. My kids said they don't want to be paying for Arnie lies

So now it comes out that Arnie can't deliver, and wan't to strap up the younger generations. Such a man of his word, I am amazed!

[opihimoimoi]

3. Hey, they sucked for the delusion, they voted for a phoney, they

knew this guy was an actor with no experience in Gov't. They went for him anyways.

so now, BORROW and get over it.

Come, we go class. How to Spot a Phoney 101

[NNN0LHI]

4. Why do I suspect Gray Davis is happy to be retired right now? n/t

[AP]

5. "we can raise taxes or issue bonds." Psst. Arnie, how do you think you're

going to be paying of the bond? By raising taxes.

The only think a bond does is make bond brokers money.

[AP]

6. And what happened to "opuhning dah boooks"?

No billion dollar bills shook loose? No fraud?

[The Zanti Regent]

7. The same thing that was done to Cruz's ENRON Lawsuit.

Yup, Governor Steroid Shithead tanked the 9 billion $ lawsuit.

Yet the Whore Press STILL blows him 24/7. He can do no wrong...

[AndyTiedye]

10. Quid Pro Quo

[nolabels]

8. And make everybody pay for it twice or three times over

The interest in the bonds is nothing but make work for the financial houses and making poor people pay for something they are never going to get anyway

[DeathvadeR]

9. Bonds? Bonds? Whahahahaahhaahahaha

I wouldn't fuqin invest a dime in this bankrupt sorry excuse for a government. Let alone base a sound investment on it's reputation.