sourceCalifornia may need an emergency loan of up to $7 billion from the federal government within weeks, the Los Angeles Times on Friday quoted Gov. Arnold Schwarzenegger as saying in a letter to U.S. Treasury Secretary Henry Paulson.
In the letter dated October 2, Schwarzenegger called for the passage of the $700 billion financial industry bailout plan which the U.S. House of Representatives is expected to vote on Friday, the Times said.
"Absent a clear resolution to this financial crisis, California and other states may be unable to obtain the necessary level of financing to maintain government operations and may be forced to turn to the federal treasury for short-term financing," Schwarzenegger wrote in the letter, according to the paper. [...]
In the letter, Schwarzenegger noted California's plans to issue $7 billion in revenue anticipation notes in the coming days to fund short-tern cash needs -- now put in doubt by the crisis in the credit markets.
On Wednesday, California Treasurer Bill Lockyer said the most populous U.S. state's cash reserves may be exhausted near the end of October, and various state-funded services are at risk of grinding to a halt.
He said the planned notes sale was at risk from the uncertainty gripping financial markets and the U.S. government's lack of response to it.
If this is happening to California, rest assured it soon will be a problem for your state, also. California has always been a leading indicator in cultural trends for America, and now it looks to be a leading indicator for financial and economic trends, too.
Why? Well California has the largest economy of any state in the country. As our state economies weaken, the tax revenues upon which our state and local governments rely, such as sales taxes and local property taxes, have declined precipitously. And when the credit markets are frozen, as they are now, no one wants to take the risk of an American state pulling an Epic Fail and refusing to pay off on its debts.
Who to blame? I don't know, but regardless I hope Schwarzenegger gets recalled soon. And crap, both my parents work for the state
Last edited by sad fish (2008-10-07 21:46:28)
fuck him. out of all the places to cut spendingin california, the most wasteful state in the nation. They cut fucking education, i now have 43 kids in my math class with the smallest room ever.sad fish wrote:
Who to blame? I don't know, but regardless I hope Schwarzenegger gets recalled soon. And crap, both my parents work for the state
"fuck the future" - arnie.
43? holy shitSealXo wrote:
fuck him. out of all the places to cut spendingin california, the most wasteful state in the nation. They cut fucking education, i now have 43 kids in my math class with the smallest room ever.sad fish wrote:
Who to blame? I don't know, but regardless I hope Schwarzenegger gets recalled soon. And crap, both my parents work for the state
"fuck the future" - arnie.
I feel for you man
Yet another reason why I can't wait to graduate college and get the hell outta here.
yeah thanksS.Lythberg wrote:
43? holy shitSealXo wrote:
fuck him. out of all the places to cut spendingin california, the most wasteful state in the nation. They cut fucking education, i now have 43 kids in my math class with the smallest room ever.sad fish wrote:
Who to blame? I don't know, but regardless I hope Schwarzenegger gets recalled soon. And crap, both my parents work for the state
"fuck the future" - arnie.
I feel for you man
today i walked in and saw a kid id never seen in my class before thats how many kids there are lol
like how is every kid supposed to have there questions answered with that many kids.
and there arnt any school buses anymore so now all the elementry kids have to take the city bus which i wouldnt be comfortable with my 1st grader (if i had a kid) going on by himself.
Christ.SealXo wrote:
yeah thanksS.Lythberg wrote:
43? holy shitSealXo wrote:
fuck him. out of all the places to cut spendingin california, the most wasteful state in the nation. They cut fucking education, i now have 43 kids in my math class with the smallest room ever.
"fuck the future" - arnie.
I feel for you man
today i walked in and saw a kid id never seen in my class before thats how many kids there are lol
like how is every kid supposed to have there questions answered with that many kids.
and there arnt any school buses anymore so now all the elementry kids have to take the city bus which i wouldnt be comfortable with my 1st grader (if i had a kid) going on by himself.
You are a teacher?
No punctuation. You miss spelled their, elementary and aren't.
Jesus, this country is so fucked.
I think Seal is like 16 or 17ATG wrote:
Christ.
You are a teacher?
No punctuation. You miss spelled their, elementary and aren't.
Jesus, this country is so fucked.
Fuck.
I forget sometimes that I am too old for this place.
I forget sometimes that I am too old for this place.
lol...ATG wrote:
Fuck.
I forget sometimes that I am too old for this place.
and to my spelling, im actually in ap english, i just get lazy on teh internetz. a- btw
SealXo wrote:
lol...
and to my spelling, im actually in ap english, i just get lazy on teh internetz. a- btw
There we go All better.ATG wrote:
Christ.
You are in AP English?
No punctuation. You miss spelled their, elementary and aren't.
Jesus, this country is so fucked.
I'm surprised there hasn't been more "god damned illegals" talk here lately, TBH
wow yeah I heard its pretty bad there in Cali, hopefully the 7 billion Scharzenegger is requesting helps or otherwise who knows what the fuck is gonna happen! u guys are the richest state if u guys go down, how are the rest of the states gonna hold up?SealXo wrote:
fuck him. out of all the places to cut spendingin california, the most wasteful state in the nation. They cut fucking education, i now have 43 kids in my math class with the smallest room ever.sad fish wrote:
Who to blame? I don't know, but regardless I hope Schwarzenegger gets recalled soon. And crap, both my parents work for the state
"fuck the future" - arnie.
Its the darn illegals I tell you. /raisecanePubic wrote:
I'm surprised there hasn't been more "god damned illegals" talk here lately, TBH
Seriously though, there are alot of fucking illegals here. Ever try to goto an Emergency Room in southern California? You'll swear you're waiting for a plane in Mexico City.
But I don't blame them, I would do it if it was reversed...they have so much crime and corruption its sad.
According to this article:
http://www.usimmigrationsupport.org/cal … ation.html
It costs California $10.5 billion/year...if we did that perhaps teachers wouldn't have 43 kids in one classroom because we would have $3.5 billion/year to spend on other things.
Last edited by Harmor (2008-10-07 23:39:08)
I think I'm going to issue revenue anticipation notes.
If Americans could stop buying drugs Mexico would be a better place.But I don't blame them, I would do it if it was reversed...they have so much crime and corruption its sad.
Fuck Israel
Arnie spent too much "state money" on his latest Terminator movie.
Doesn't California have a bigger than economy than most of the entire world?
It's like the 11th largest economy in the world.Hurricane2k9 wrote:
Doesn't California have a bigger than economy than most of the entire world?
jeez hurricane.Hurricane2k9 wrote:
Doesn't California have a bigger than economy than most of the entire world?
lets just say it has a big fooking economy.
According to The World Factbook published by the CIA, if California were an independent state, it would have had the tenth largest economy in the world in 2007
According to the California Legislative Analyst's Office, if California were an independent state, it would have had the eighth largest economy in the world.
According to the California Department of Finance, if California were an independent state, it would have had the seventh largest economy in the world
http://en.wikipedia.org/wiki/Economy_of_California
Last edited by m3thod (2008-10-08 14:37:16)
Blackbelts are just whitebelts who have never quit.
6thAgent_Dung_Bomb wrote:
It's like the 11th largest economy in the world.Hurricane2k9 wrote:
Doesn't California have a bigger than economy than most of the entire world?
then why the fuck aren't the other 200 or whatever countries going up in flamesm3thod wrote:
jeez hurricane.Hurricane2k9 wrote:
Doesn't California have a bigger than economy than most of the entire world?
lets just say it has a big fooking economy.
According to The World Factbook published by the CIA, if California were an independent state, it would have had the tenth largest economy in the world in 2007
According to the California Legislative Analyst's Office, if California were an independent state, it would have had the eighth largest economy in the world.
According to the California Department of Finance, if California were an independent state, it would have had the seventh largest economy in the world
http://en.wikipedia.org/wiki/Economy_of_California
proberbly managing budgets better? Less Corruption? Leaders that are not former hollywood dorks and have more than 2 brain cells?Hurricane2k9 wrote:
then why the fuck aren't the other 200 or whatever countries going up in flamesm3thod wrote:
jeez hurricane.Hurricane2k9 wrote:
Doesn't California have a bigger than economy than most of the entire world?
lets just say it has a big fooking economy.
According to The World Factbook published by the CIA, if California were an independent state, it would have had the tenth largest economy in the world in 2007
According to the California Legislative Analyst's Office, if California were an independent state, it would have had the eighth largest economy in the world.
According to the California Department of Finance, if California were an independent state, it would have had the seventh largest economy in the world
http://en.wikipedia.org/wiki/Economy_of_California
Last edited by m3thod (2008-10-08 15:12:58)
Blackbelts are just whitebelts who have never quit.
Rats!!, I thought this thread was about California was finally gunna fall into the sea and taking SF with it.blademaster wrote:
sourceCalifornia may need an emergency loan of up to $7 billion from the federal government within weeks, the Los Angeles Times on Friday quoted Gov. Arnold Schwarzenegger as saying in a letter to U.S. Treasury Secretary Henry Paulson.
In the letter dated October 2, Schwarzenegger called for the passage of the $700 billion financial industry bailout plan which the U.S. House of Representatives is expected to vote on Friday, the Times said.
"Absent a clear resolution to this financial crisis, California and other states may be unable to obtain the necessary level of financing to maintain government operations and may be forced to turn to the federal treasury for short-term financing," Schwarzenegger wrote in the letter, according to the paper. [...]
In the letter, Schwarzenegger noted California's plans to issue $7 billion in revenue anticipation notes in the coming days to fund short-tern cash needs -- now put in doubt by the crisis in the credit markets.
On Wednesday, California Treasurer Bill Lockyer said the most populous U.S. state's cash reserves may be exhausted near the end of October, and various state-funded services are at risk of grinding to a halt.
He said the planned notes sale was at risk from the uncertainty gripping financial markets and the U.S. government's lack of response to it.
If this is happening to California, rest assured it soon will be a problem for your state, also. California has always been a leading indicator in cultural trends for America, and now it looks to be a leading indicator for financial and economic trends, too.
Why? Well California has the largest economy of any state in the country. As our state economies weaken, the tax revenues upon which our state and local governments rely, such as sales taxes and local property taxes, have declined precipitously. And when the credit markets are frozen, as they are now, no one wants to take the risk of an American state pulling an Epic Fail and refusing to pay off on its debts.
idiots up in sacramentoHurricane2k9 wrote:
then why the fuck aren't the other 200 or whatever countries going up in flamesm3thod wrote:
jeez hurricane.Hurricane2k9 wrote:
Doesn't California have a bigger than economy than most of the entire world?
lets just say it has a big fooking economy.
According to The World Factbook published by the CIA, if California were an independent state, it would have had the tenth largest economy in the world in 2007
According to the California Legislative Analyst's Office, if California were an independent state, it would have had the eighth largest economy in the world.
According to the California Department of Finance, if California were an independent state, it would have had the seventh largest economy in the world
http://en.wikipedia.org/wiki/Economy_of_California
Admit it, your states will never be as cool as us down here in California.