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Even without the $11 billion phony, pork filled water bond, California will be paying $10 billion a year by 2017 just for interest on the debt and deficit.
Did you know that the state has borrowed $20 billion just to keep paying its bills for THIS year, so far? We are bankrupt, and still borrowing.
Arnold really thinks he can pass a water bond, or anything, after he leaves office. ""It's critical that the water bond pass, as it will improve California's economic growth, environmental sustainability and water supply for future generations," Schwarzenegger said in a statement Tuesday. "For that reason, I will work with the legislature to postpone the bond to the next ballot and avoid jeopardizing its passage.
The real reason he wants this off the ballot is that it can not be passed. Folks are tired of debt, they are tired of special interest legislation and they are tired of the pork and lies of Sacramento.
Arnold is again thinking of himself--he does not want this defeat on his legacy--he knows $140 billion deficit in six years is bad, highest taxes in the nation is bad, failed government schools and bad roads are bad.
This WILL add to his legacy--he approved pork and special interest bonds when the people were watching.
Six months and counting.
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Did you know that the state has borrowed $20 billion just to keep paying its bills for THIS year, so far? We are bankrupt, and still borrowing.
Arnold really thinks he can pass a water bond, or anything, after he leaves office. ""It's critical that the water bond pass, as it will improve California's economic growth, environmental sustainability and water supply for future generations," Schwarzenegger said in a statement Tuesday. "For that reason, I will work with the legislature to postpone the bond to the next ballot and avoid jeopardizing its passage.
The real reason he wants this off the ballot is that it can not be passed. Folks are tired of debt, they are tired of special interest legislation and they are tired of the pork and lies of Sacramento.
Arnold is again thinking of himself--he does not want this defeat on his legacy--he knows $140 billion deficit in six years is bad, highest taxes in the nation is bad, failed government schools and bad roads are bad.
This WILL add to his legacy--he approved pork and special interest bonds when the people were watching.
Six months and counting.
More...