Thursday, November 20, 2003
OK - it's Arnie the Governator. He's back! Hasta La vista baby. Let's see, any more cliches for now?
I've got to admit, he's typical California. He takes over a job with a massive debt and what does he do? He cuts revenues and wants to BORROW! Yep, we're $60 billion in debt, so let's get the credit cards out and borrow another $15 billion more! And while we are borrowing more, let's cut automobile license fees. After all, it's not like anyone wouldn't pay an extra few hundred to drive. This way, the money they save on licensing can go to buy a bigger engine or a spiffy set of wheels.
By the way, if you take California's 35 million and divide that into the $65 billion debt, you get about $1800 per person. And borrowing $15 billion will add another $500 buck to that total. That's of course if it's paid off now and there's no interest added. I would love to be the recipient of some of that interest - wouldn't you?
Go Arnie, go. Your kids will love their present.
I've got to admit, he's typical California. He takes over a job with a massive debt and what does he do? He cuts revenues and wants to BORROW! Yep, we're $60 billion in debt, so let's get the credit cards out and borrow another $15 billion more! And while we are borrowing more, let's cut automobile license fees. After all, it's not like anyone wouldn't pay an extra few hundred to drive. This way, the money they save on licensing can go to buy a bigger engine or a spiffy set of wheels.
By the way, if you take California's 35 million and divide that into the $65 billion debt, you get about $1800 per person. And borrowing $15 billion will add another $500 buck to that total. That's of course if it's paid off now and there's no interest added. I would love to be the recipient of some of that interest - wouldn't you?
Go Arnie, go. Your kids will love their present.
