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California Fitch Ratings Downgraded

Discussion in 'BBS Hangout: Debate & Discussion' started by pgabriel, Jul 6, 2009.

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  1. pgabriel

    pgabriel Educated Negro

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    per CNBC, link to follow
     
  2. rimrocker

    rimrocker Member

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    No real surprise. The slow motion trainwreck brought about by the Enronesque energy market manipulations and absurd ballot measures has sped up with the housing crisis/sick economy and a once great state is crumbling before our eyes. The National Park Service is even threatening to take back some of the state parks that were purchased with fed money.
     
  3. glynch

    glynch Member

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    Setting up a state where a minority of libertarians and other wingnuts have veto power is a recipe for financial disaster.
     
  4. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    This is what happens when the great liberal/socialist experiment is provided an arena to operate in... no surprise to anyone that follows economics, really...

    Tax tax tax, spend spend spend and regulate the heck out of everything and this is what you are left with, folks. The state has strangled free enterprise, and this is the predictable result...
     
  5. Qball

    Qball Member

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    Isn't the governor of cali a repub?
     
  6. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    You identify one member of government and extrapolate from that? Nice. How about their Congressional representation? Their state legislature? Their local politics. Get a clue.

    ...and Arnold is barely even a Republican in his policy views.
     
  7. updawg

    updawg Member

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    Yet he was able to terminate the worlds 8th largest economy
     
  8. Qball

    Qball Member

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    So next time, you won't ever blame Obama for financial trouble right? I mean....you can't identify one member of the government and extrapolate from that can you??? If you can't say that for a state, then how can you say that for an entire country??

    Thanks for clearing that up TJ.
     
  9. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    Unfortunately for all of us, the libs also control the House and Senate, and move in lockstep with Baraka Dukakka. A very inconvenient fact for your failed argument...
     
  10. DonnyMost

    DonnyMost Member

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    Says the "Blame Obama" poster-child.

    LMAO.
     
  11. Air Langhi

    Air Langhi Contributing Member

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    You can thank that to falling housing prices which effect property tax.
     
  12. ghettocheeze

    ghettocheeze Member

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    California has been a Democrat staple for decades now both in the legislative and executive branch, and you are comparing that to a national government which has seen multiple shifts in party dominance in the last 20 years.

    Calfornia's misery is a product of Democrats control just as Texas' prosperity and growth is a product of Republican dominance.

    Still want to argue Qazi? Perhaps you need to move to liberals havens like California and New York.

    Why is it that the majority of the liberals/socialists on this board live in Texas, a prosperous, growth friendly, job creating state with low taxes and controlled by Republicans?
     
    1 person likes this.
  13. Space Ghost

    Space Ghost Member

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    Falling housing prices had nothing to do with it. Over inflated housing prices was a portion of the problem. The insane regulation, taxation, and absurd social programs are the brunt of the issues.
     
  14. Major

    Major Member

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    As was pointed out in another thread, the top states facing budget crises cross the spectrum of political and geographic diversity. There are several states that are worse off than California that are Republican - they just aren't nearly as interesting to cover because they aren't huge.

    As far as California goes, they've had a Republican governor for 22 of the last 26 years.

    Knowing the facts tends to be helpful.
     
  15. JusBleezy

    JusBleezy Member

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    WTF is wrong with people like you? Guy didn't even attack you by calling you names to begin with, but you immediately got defensive and started with the names and all. That's why it's almost useless to try to discuss politics on this board because half the people start calling people names and finger pointing instead of actually talking about the issue at hand.

    It's like you have all this pent up political anger that you're waiting to release on the first person that disagrees with you on this board. It too much to ask to have a calm, reasoned argument without name calling?
     
  16. wakkoman

    wakkoman Member

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    Where exactly is this name calling?
     
  17. adoo

    adoo Member

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    how about GWB and the Republican-controlled Congress that supported his reckless spending, leading to the cratering of the US economy ?
     
  18. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    The cratering occurred when the Dems got control of Congress. Nice try, but yet another failure for you.
     
  19. mc mark

    mc mark Member

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    Last I checked federal tax rolls, states like New York have been carry the burden for deadbeat states like Texas for years now.

    But why pay attention to facts.
     
  20. juicystream

    juicystream Member

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    Yes, when you apparently ignore the facts as well. Texas from 1981-2005 has received less in Federal spending than has been paid in Federal Income Tax. Ranking no higher than 33rd and as low as 48th in terms of federal funding received per tax paid.

    http://www.taxfoundation.org/taxdata/show/22685.html

    People really should check out that webpage, and see what has happened to federal spending in California.
     
    #20 juicystream, Jul 8, 2009
    Last edited: Jul 8, 2009

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