no_vaseline_IHB
New member
[quote author="CM_Dude" date=1257927027] Stating that we would have to shut UC or release 60,000 prisoners is pure, unadulterated hype.</blockquote>
While CM gives lip service and hyperbole, look to what Genest says in the WSJ today:
<a href="http://online.wsj.com/article/SB125814283469047497.html">http://online.wsj.com/article/SB125814283469047497.html</a>
<blockquote><strong>"I looked as hard as I could at how states could declare bankruptcy," said Michael Genest</strong>, director of the California Department of Finance who is stepping down at the end of the year. "<strong>I literally looked at the federal constitution to see if there was a way for states to return to territory status."</strong>
There were no bankruptcy options, and the legislature chose to cut back sharply on education and health care to fill the gap. Mr. Genest already predicts the 2011 shortfall will outpace the projected $7 billion gap. It is a smaller deficit than this year's gap, but the choices will be more difficult because so many cuts have already been made.
Mr. Genest estimated that, eventually, <strong>40% of the state's budget would go to the state Medicaid program, 40% to education, 10% to debt service and 6% to retiree medical services and pension?leaving little left for anything else, such as the state's corrections system.</strong></blockquote>
Politically, this is your guy on your side. Not my side. Not my boy. Is it still unadulterated hype? I apologize for the somewhat personal nature of my comments (the whole lemming thing), but you are ignoring the facts that your guys from your side of the isle are presenting. You know, the guy from your side who is leaving the sinking ship.
While CM gives lip service and hyperbole, look to what Genest says in the WSJ today:
<a href="http://online.wsj.com/article/SB125814283469047497.html">http://online.wsj.com/article/SB125814283469047497.html</a>
<blockquote><strong>"I looked as hard as I could at how states could declare bankruptcy," said Michael Genest</strong>, director of the California Department of Finance who is stepping down at the end of the year. "<strong>I literally looked at the federal constitution to see if there was a way for states to return to territory status."</strong>
There were no bankruptcy options, and the legislature chose to cut back sharply on education and health care to fill the gap. Mr. Genest already predicts the 2011 shortfall will outpace the projected $7 billion gap. It is a smaller deficit than this year's gap, but the choices will be more difficult because so many cuts have already been made.
Mr. Genest estimated that, eventually, <strong>40% of the state's budget would go to the state Medicaid program, 40% to education, 10% to debt service and 6% to retiree medical services and pension?leaving little left for anything else, such as the state's corrections system.</strong></blockquote>
Politically, this is your guy on your side. Not my side. Not my boy. Is it still unadulterated hype? I apologize for the somewhat personal nature of my comments (the whole lemming thing), but you are ignoring the facts that your guys from your side of the isle are presenting. You know, the guy from your side who is leaving the sinking ship.