California Budget Crisis

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Gov. Arnold Schwarzenegger Seeks Bailout – What Did You Expect From a Body Builder/Actor?

By May of 2009, with no reserves available, the Governator was pleading with the citizens of California to pass new ballot measures that would increase taxes to help the government pay its bills. The governor went so far as to warn of “dire consequences if voters don’t pass the six special election measures.” This type of reasoning, as many of you know, was utilized by Treasury Secretary Paulson a few months later in a plea to Congress for TARP money which Congress, both parties, agreed to. Silly fools.

6Jan2010 | Doug Digger Eberhardt | View Comments | Continued
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How Worried is Citibank About California’s Ability to Handle It’s Budget Crisis?

Take a look at the actual document posted at the Citibank ATM and see if you can catch the reality of how deeply concerned Citibank is about California’s budgetary crisis.

6Aug2009 | Doug Digger Eberhardt | View Comments | Continued
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California Economics Professor Wants to Drive California Off a Cliff

So his answer is to keep government spending going and the status quo spending that got us into this mess in the first place.

Let me ask you something….if your family is in dire financial straits, do you cut back in your spending or keep things as they are?

18May2009 | Doug Digger Eberhardt | View Comments | Continued