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California the NEW Greece?


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2010 May 12, 3:02am   15,357 views  110 comments

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Schwarzenegger Warns of "Terrible Cuts, Absolutely Terrible Cuts" Coming in California

More evidence that California is the new Greece.

As the state grapples with a horrible budget situation, Arnold Schwarzenegger is warning of pain ahead.

Specifically, according to the SacBee, Schwarzenegger press secretary Aaron McLear said:

"What you can expect generally is no taxes and terrible cuts, absolutely terrible cuts... We're not going to get through the deficit we have without some really tough decisions and some really terrible cuts."

This is going to get really ugly, and though California may stave off default, there's no way they'll be able to stave off the horrible demand destruction that will result from these "absolutely terrible cuts."

*****

"Demand Destruction"... does this translate to demand for housing destruction?   Is CA home price double dip coming?

#housing

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108   ZippyDDoodah   2010 May 16, 2:50pm  

seems to me your problem was dealing with someone on drugs and not having your own gun. Must be perspective. On one hand a group wants everyone smoking dope and nobody having guns, on the other hand is me and the other normal Americans.

There's also the recreational dope smoker who still needs to defend his family and possessions against criminal invaders using his handgun, rifle or shotgun. I agree 100% with your basic point Bap33

109   Bap33   2010 May 16, 3:00pm  

personal accountablity is a most important requirement for a free society to work. With that in place, dope smoking would lose it's wonder lust in a hurry. And if not, it would still be ok, because anyone the smoked dope and did anything wrong would not be able to use the dope smoking as a way to avoid personal accountablity. Non-sober actions resulting in a death would be treated as 1st degree murder with a hanging for the responsible party at noon the next Saturday. Get things leaning that way, and I'll ease up on my anti-drug view.

110   The Original Bankster   2010 May 17, 12:02am  

Bap33 says

seems to me your problem was dealing with someone on drugs and not having your own gun.

haha. I don't think I would even read these forums if Bap wasn't here. :)

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