US News
Budget deal reached in cash-strapped California
Jul 21, 2009, 4:48 GMT
Sacramento, California - California Governor Arnold Schwarzenegger and leading lawmakers agreed on measures to plug the state's 26.3-billion-dollar budget deficit, narrowly avoiding a financial collapse.
They settled late Monday on substantial cuts in education, welfare and health services but avoided an increase in taxes after months of acrimonious wrangling that left the largest US state without enough cash to pay its bills
'We accomplished a lot in this budget agreement,' Schwarzenegger said, adding that the negotiations over the deal often resembled a 'suspense movie.'
'In this budget, we are making government more efficient, and also we are cutting the waste, fraud and abuse in some of the programmes,' the governor said.
The agreement envisages a broad range of cuts to services to the elderly and poor and includes drastic restrictions on health care and education funding.
More than 14 billion dollars in such cuts are envisaged with the rest of the deficit covered by accounting manoeuvres and wage cuts for state workers.
The compromise still needs to be approved by the legislature Thursday. If the deal passes, California could stop issuing the borrower's notes it has been giving to vendors for several weeks as the state coffers dried up.
'I am glad that we will close the deficit, and I am glad that IOUs will no longer be needed,' said Karen Bass, the speaker of California's State Assembly, its Legislature's lower house. 'But make no mistake, this is a budget of shared sacrifice and shared pain. But we did not eliminate or completely shred the safety net in the state.'
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Older Talkback
page: 1
..in that it is the democratically controlled California statehouse that is pimping this deal, after an utterly embarrassing referendum failure. This, Tonny, is the collective will of the people saying what everyone knows:
You cannot live beyond your means.
The so-called GOP, which was supposed to be represented by Arnold, hardly has a real representative in him at all, a real disappointment. In fact, he was the one pimping all the tax increases that failed when California had to put it before the people, where, it failed miserably.
For real conservatives, a balanced budget amendment would be the best thing for Californians. This way, their professional legislature would have a bridle and bit. Curious in that their neighbors to the north (that would be us) manage to live within our means, have a creative and vibrant health care plan, and a balance budget every year, all with a citizen legislature that meets only every other year, and still manages to issue return of tax monies not spent or budgeted.
So, Tonny, before you opine, try and get the real lay of the land out here in the west, where all is not as the libnazi blog paints it to be. Another term you need to educate yourself on is R-I-N-O, and perhaps your stereotyping will cease.
'For real conservatives, '
Real conservatives like you, SP - Scum sucking, drug addicted, rotgut booze swilling, Neanderthal-brained, toe-tapping, religious zealot, gutter mouthed, perverts?
Other than that, SP, your current and previous three governors ARE Democrats. They'd be responsible for Your state's well being, not the GOP or you, moron.
Get educated, read something more intellectually stimulating and informative than Mad Magazine, before you open your gob and spew forth with your vomitus.
I'd say inform yourself, but as all can see, you've failed at that, as well.
My information is that both the House and the Senate of your current State of dwelling, Oregon, are both Democratic controlled.
So much for your bullsh*t.
INFORM YOURSELF, SP
that need pointed out here.
First of all aren't you all real proud that Idiots Stick actually had a whole post without a misspelled word? God he is actually acting like a 'big boy'. Be proud you will probably never see this again, but we can all hope.
Secondly I guess his 'big boy' word is opine. He uses it all the time, must have learned it last year in the 3rd grade. He uses is 80% of the time correctly, but actually shows me he is at the 3rd to 4th grade level in his education.
Now on to his comments. Ever notice how a right winger treats his own. If they don't cut taxes to the rich and throw the poor to the dogs, then they are not 'really' a conservative nor a Republican't. Arnold is the kind of Republican't that has a chance as he is middle of the road, but has a lot or right-wing leaning ideas. He has the progressive thinking that will get him elected as he gets the Independents and some Democrats. But that is not good enough for the dogs on the right, he is not 'really' one of them. He should be proud not to be a page chasing, wife cheating, tax dodging idiot that panders to the KKK and the Aryan Nations.
Again Idiot's Stick, you are wrong. Don't you ever get tired of being stupid, oops I forgot stupid people really can't help it.
shot down by his own ignorant mouth, again.
To the 'A couple of things' poster. I guess somebody finally taught SP how to use a spell check. It does cover up a little of the glaring lack of education and brain power.
SP4 - you mean the 6.5 miullion new poor Obam has created or the old poor?
Tell us again who created these poor SP4 ?Obama?
How did he do that ?
I allways thought Obama was elected after a financial crisis hit the world,caused by the greed of Wall Street .Was Obama working as an investment banker before he came to power ?You seem to have a selective memory for history SP4.We can work on that but something keeps telling us it is a waste of our valuable time .You don't care for facts when they ccnewor oldontradict your ideology .Shall we call it the result of brainwash ?
SP4 - you mean the 6.5 miullion new poor Obam has created or the old poor?
SP4 - yes monkey boy...those would be the one's....take your pick because all of them are affected.
Tell us again who created these poor SP4 ?Obama?
SP4 - see the article below..again (and again..and again)
How did he do that ?
SP4 - do you mean besides turning the credit markets updside down so some folks in Michigan could keep their jobs?...or the glaring vote of the bond market by taking a dump?..how about the glaring deficit from folks who said Bush was spending waaay tooo much?...a further vote of no confidence in an already stressed credit market....inflatin rearing it's head after thirty successful years of the Reagan revolution...the fools errand of Gubment Motors at 1.5 Billion per state....anything else?
I allways thought Obama was elected after a financial crisis hit the world,caused by the greed of Wall Street .
SP4 - Sure, after greenlighting the very triggers and enabling those who facilitated this fools errand of propping up mortgage lenders with guvernment guarantees. see the article below...
Was Obama working as an investment banker before he came to power ?
SP4 - funny, the people of Illinois thought he was a senator, their ignorance to be sure, but after Countrywide scandal, I'd have to agree...using the term 'investment banker' loosely...as if Tony 'the knife'Rezko was a banker.
You seem to have a selective memory for history SP4.
SP4 - your memory seems to be just f--ked up....
We can work on that but something keeps telling us it is a waste of our valuable time .
SP4 - if your time was valuable, which I suspect it is not, and you were right, which you are not...
You don't care for facts when they ccnewor oldontradict your ideology .
SP4 - my spelling ???? What happened..spellcheck break?
Shall we call it the result of brainwash ?
SP4 - no monkey boy, we'd to call it your glaring bais and ignorance....now read below and inform yourself..if you can...
This was preventable.Sep 21st, 2008 - 01:59:13
John McCain predicted Fannie Mae and Freddie Mac crises, pushed 2005 legislation to prevent trouble:
The 'FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005' would have headed this off but it was killed in the Committee on Banking, Housing, and Urban Affairs by Chris Dodd who recieved the most money from Fannie Mae and Freddie Mac.
President Bush sought to rein in Fannie and Freddie in 2003.
The Democratic response to Bush in 2003:
“These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. “The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
“I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.
I knew it was too good to be true, in this post he had 8 incorrectly spelled words and at least 6 good lies. Thanks idiots stick for showing just how stupid and big of a liar you can really be.
The Democratic response to Bush in 2003:
“I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.'
What he is saying, EssPee, is that Bush was playing a shell game. It denies your point, not proves it, you fricking idiot. There, now that 6-year-old news has been dealt with, do you have anything intelligent to say that is on topic? No? I thought not.
inflatin
guvernment
Gubment
waay
tooo
Countrywide
miullion
SP also says:'your memory seems to be just f--ked up....'
SP is the only thing f--ked up on this site.
'your glaring bais and ignorance' applies to SP and no one else.
Score: SP4 - 0
SP4 loses, again.
To start with, no matter how many times you lie saying 'again and again' does not make it any more truthful liar. And you really are too stupid to have a spellcheck, that was someone's dream, 15 incorrect spelled words in this posting...Good job again you idiots stick.
'SP4 - you mean the 6.5 miullion new poor Obam has created or the old poor?'
Please prove this lie, liar. God you are worthless (2 misspelled words out of 13, god you are stupid).
'SP4 - see the article below..again (and again..and again)'
Your 'article below' shows one of two things, you are a dreamer thinking this caused the collapse of the financial markets, or you are admitting your party is the biggest biunch of pussies to come along in a long time. To clarify:
The collapse in the financial markets that in turn caused this deep recessive movement was the collapse of Lehman Brothers. If you had more than a 3rd grade education you would be able to trace this all back to that time. Who was in charge at that time? It was your idiot boys, Paulson and GWB the socialists that gave their Wall Street buddies $750 billion (god that is awful socialistic), and let Lehman fail as Lehman would not kiss Paulson's ass. If you had a brain you could follow this as I have.
'SP4 - do you mean besides turning the credit markets updside down so some folks in Michigan could keep their jobs?...or the glaring vote of the bond market by taking a dump?..how about the glaring deficit from folks who said Bush was spending waaay tooo much?...a further vote of no confidence in an already stressed credit market....inflatin rearing it's head after thirty successful years of the Reagan revolution...the fools errand of Gubment Motors at 1.5 Billion per state....anything else?'
Is this is why Michigan had over 16% unemployment liar? See above idiot. Nothing else you say had any credibility and is just another bunch of lies from the liar of the board. If you are not a liar, please back up these stupid statements with some real proof.
'SP4 - Sure, after greenlighting the very triggers and enabling those who facilitated this fools errand of propping up mortgage lenders with guvernment guarantees. see the article below...'
Again you oozing pound of puss. The failure of Fannie and Freddie did not cause the collapse in the market. You uneducated idiots on the right just need to look at the collapse and the reason for the collapse of Lehman and you would see why the market collapsed. I know you don't have the education to figure this out, but ask one of your friends that made it to the 6th grade.
'SP4 - funny, the people of Illinois thought he was a senator, their ignorance to be sure, but after Countrywide scandal, I'd have to agree...using the term 'investment banker' loosely...as if Tony 'the knife'Rezko was a banker.'
Again liar. God you are so stupid you can't avoid falling back into the Rush mantra and making you look just as stupid as we know you are. Nothing here you can prove.
'SP4 - your memory seems to be just f--ked up....'
I do believe that there is no one on this board that is more selective with their memory or stupid in their comments than you SP4, the liar.
'SP4 - if your time was valuable, which I suspect it is not, and you were right, which you are not...'
Another stupid comment from out 3rd grader. You are on this board more than anyone, must make your time entirely worthless?
'SP4 - my spelling ???? What happened..spellcheck break?'
You could not spell dad if you were given two d's.
'SP4 - no monkey boy, we'd to call it your glaring bais and ignorance....now read below and inform yourself..if you can...'
So you are saying you are guilty of 'glaring bais (sp) and ignorance'? That is what you are saying.
This was preventable.Sep 21st, 2008 - 01:59:13
John McCain predicted Fannie Mae and Freddie Mac crises, pushed 2005 legislation to prevent trouble:
'The 'FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005' would have headed this off but it was killed in the Committee on Banking, Housing, and Urban Affairs by Chris Dodd who recieved the most money from Fannie Mae and Freddie Mac.
President Bush sought to rein in Fannie and Freddie in 2003.
The Democratic response to Bush in 2003:
“These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. “The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
“I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.'
So you are saying your party is a bunch of pussies? You had the House, the Senate and the Presidency, could not get a little reform bill (that was never submitted as McSame or any Republican't did nothing) submitted, voted on or passed by a party in control?
can get away with very questionable posts: boner bouy(boy, misspelled), corn holing, etc. Well, if he can get away with that, then this should stay, as well: SP4's real name is Penis Breath.
that another offensive sp4 post has been deleted. Now, do we have a good hacker out there who can hack M&C and get SP's IP and publish it on this site? SP4 has earned a darned good personal spamming.
...that monkey boy (12) is so embarrassed at the woodshedding he's getting by me is so severe, he's retreating into his fantasy world of IP's and banning me from the site. Just how much of a coward do you have to be to pine for an opinion to be removed from a site like this?
Don't want an opinion removed. Want a braindead motherf*cker removed.
page: 1
tonny from belgiumJul 21st, 2009 - 07:46:14
The usual GOP recipe :cut taxes for the rich,afterwards ,when the budget gets drained blame the immigrant,blame the teachers,blame the state employed workers,blame everybody else,especially the poor .Then cut education,cut health care,cut welfare.Job done!The rich get richer ,the poor stay poor.
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