California asking for a bailout...

**Drew1369** · 05-15-2009, 02:24 AM

http://www.latimes.com/business/la-f...,7700998.story

Quote:

California Treasurer Bill Lockyer on Wednesday formally requested federal help to backstop a wave of short-term borrowing the cash-strapped state will need to undertake this summer.

What about cutting back on spending... keep the tax rates... just quit spending what you do not have...

You know... you would think that with all that is going on... people spending beyond their limits, you would think that the American political system would figure it out too...

I wonder if Barry or Timmy can put a spin that the American taxpayer can somehow make a profit of this bailout too...

jamesmeijer1234 · 05-15-2009, 02:37 AM

totally agree with you, stop spending what you dont' have, debt rots from inside, true of nations, true of people.

i saw national debt clock somewhere it says it has no more digits in it, it is now locked at 999999999999 dollars , is that true, if it is , that's a HUGE amount, just imagine the interest which american public has to pay every year for it.

05-15-2009, 02:37 AM	#2 (permalink)
jamesmeijer1234 Registered User Join Date: May 2009 Posts: 20 OS: xp-sp2,2000-sp4,win98-se	Re: California asking for a bailout... totally agree with you, stop spending what you dont' have, debt rots from inside, true of nations, true of people. i saw national debt clock somewhere it says it has no more digits in it, it is now locked at 999999999999 dollars , is that true, if it is , that's a HUGE amount, just imagine the interest which american public has to pay every year for it.