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California Debt TRIPLES Under Arnold

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  • California Debt TRIPLES Under Arnold

    Arnold is one of a kind!

    This ego driven amateur has destroyed our economy, raised taxes, killed jobs, passed laws based on smears and lies.

    In the past six years he has created $140 billion in deficits. The phony budget Arnold has just created STARTS with a $9.5 deficit.

    Now this infrimation,"As of July 1, 2003, California had a total of $27.6 billion in general obligation bonds and a total of $23.2 billion in authorized but unissued bonds, according to then-state Treasurer Phil Angelides' 2003 "debt affordability" report [PDF].

    But the latest report [PDF] from current state Treasurer Bill Lockyer says the state now has $77.8 billion in outstanding general obligation bonds nearly triple the amount of seven years ago and an additional $42.8 in authorized but unissued bonds."

    The only question now is which month next year the State has its' fiscal collapse--and that will be the real legacy of Arnold, from the Golden State to the bankrupt State.

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