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	<title>Comments on: Bigger Bandage for California&#8217;s Bleeding Budget: Financial Hemorrhaging Slowed Down, but $56.8-Billion Drop Reported for CA Pension Fund</title>
	<atom:link href="http://www.frugal-cafe.com/public_html/frugal-blog/frugal-cafe-blogzone/2009/07/21/bigger-bandage-for-californias-bleeding-budget-financial-hemorrhaging-slowed-down-but-568-billion-drop-reported-for-ca-pension-fund/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.frugal-cafe.com/public_html/frugal-blog/frugal-cafe-blogzone/2009/07/21/bigger-bandage-for-californias-bleeding-budget-financial-hemorrhaging-slowed-down-but-568-billion-drop-reported-for-ca-pension-fund/</link>
	<description>Where it&#039;s chic to be cheap... Conservative social &#38; political commentary, with frugality mixed in</description>
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		<title>By: Smitty</title>
		<link>http://www.frugal-cafe.com/public_html/frugal-blog/frugal-cafe-blogzone/2009/07/21/bigger-bandage-for-californias-bleeding-budget-financial-hemorrhaging-slowed-down-but-568-billion-drop-reported-for-ca-pension-fund/comment-page-1/#comment-7181</link>
		<dc:creator>Smitty</dc:creator>
		<pubDate>Thu, 23 Jul 2009 03:55:02 +0000</pubDate>
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		<description>I wonder what portion of the 56 billion in losses were from GM &amp; Chrysler bond assets we voluntarily walked away from in federal bankruptcy court? 


Not one debt holder with 5% or more of either company protested the bondholder ripoff.  

I guess the &quot;owned by the fed&quot; banks controlled most of the big blocks of the debt.</description>
		<content:encoded><![CDATA[<p>I wonder what portion of the 56 billion in losses were from GM &amp; Chrysler bond assets we voluntarily walked away from in federal bankruptcy court? </p>
<p>Not one debt holder with 5% or more of either company protested the bondholder ripoff.  </p>
<p>I guess the &#8220;owned by the fed&#8221; banks controlled most of the big blocks of the debt.</p>
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		<title>By: Colony14</title>
		<link>http://www.frugal-cafe.com/public_html/frugal-blog/frugal-cafe-blogzone/2009/07/21/bigger-bandage-for-californias-bleeding-budget-financial-hemorrhaging-slowed-down-but-568-billion-drop-reported-for-ca-pension-fund/comment-page-1/#comment-7024</link>
		<dc:creator>Colony14</dc:creator>
		<pubDate>Tue, 21 Jul 2009 17:02:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.frugal-cafe.com/public_html/frugal-blog/frugal-cafe-blogzone/?p=31249#comment-7024</guid>
		<description>I cannot imagine how many Green &#039;Agenda 21&#039; Anarchists are going to decend upon Santa Barbara now! The weather there is perfect all year round&#039; so they will be there protesting the offshore drilling, all year round&#039;.
I&#039;m so glad I saw this coming. I bought a little house on some land in very rural Oregon.
I&#039;m not going to stay in California any longer to pay higher amounts of my paycheck to the state of Illegal Alien support, I&#039;m taking my tax dollars and leaving!
I have watch all my neighbors on SSI &amp; SSP, IHSS, CalWORKS, TANF &amp; CalGRANT never working a single day in their lives, living in their paid for inherited homes under Propl 13 very low property taxes draining the Californian workers year after year.
While they live much higher than I do as a worker, I live much lower.
There is absolutely no oversight or case management, reviews or anything by SSI &amp; SSP in California, therefore, people that are on SSI &amp; SSP in California for MENTAL &#039;Other&#039; for being &#039;depressed&#039; or having &#039;anxiety&#039; because they are addicted to either alcohol, meth or overeating and laziness, keep on living better and better than a hard working middle-class family does.
II cannot wait to leave this state and watch what happens when there is more In-Migration by SSI&#039;s into California for that added Cash SSP check, and a bigger Out-Migration from working families that are done paying California taxes.
California should be walled off with electric barbed wire fencing.  The &quot;Recipients&quot; should be left inside California with the wonderful Liberal Politicians and Celebrities.
There&#039;s no way, this silly &quot;budget&quot; will fix anything at all.
The only smart thing is the &quot;offshore&quot; drilling, that Newt Gingrich tried to tell them to do over a year ago with &quot;Drill Here, Drill Now&quot;.
Watch all the illegals take all the Offshore Drilling Jobs now.
And watch the Sacramento &quot;homeless camp&quot; grow with yet even MORE White people.
That&#039;s all there is in the Sacramento Homeless Camp, White Families.
The Illegals are doing GREAT in Mexifornia!
And, they will continue to do even better, with all there big huge Suburban gas guzzlers they drive.
Farewell Kalifornia, Good Riddence to Bad Rubbish!</description>
		<content:encoded><![CDATA[<p>I cannot imagine how many Green &#8216;Agenda 21&#8242; Anarchists are going to decend upon Santa Barbara now! The weather there is perfect all year round&#8217; so they will be there protesting the offshore drilling, all year round&#8217;.<br />
I&#8217;m so glad I saw this coming. I bought a little house on some land in very rural Oregon.<br />
I&#8217;m not going to stay in California any longer to pay higher amounts of my paycheck to the state of Illegal Alien support, I&#8217;m taking my tax dollars and leaving!<br />
I have watch all my neighbors on SSI &amp; SSP, IHSS, CalWORKS, TANF &amp; CalGRANT never working a single day in their lives, living in their paid for inherited homes under Propl 13 very low property taxes draining the Californian workers year after year.<br />
While they live much higher than I do as a worker, I live much lower.<br />
There is absolutely no oversight or case management, reviews or anything by SSI &amp; SSP in California, therefore, people that are on SSI &amp; SSP in California for MENTAL &#8216;Other&#8217; for being &#8216;depressed&#8217; or having &#8216;anxiety&#8217; because they are addicted to either alcohol, meth or overeating and laziness, keep on living better and better than a hard working middle-class family does.<br />
II cannot wait to leave this state and watch what happens when there is more In-Migration by SSI&#8217;s into California for that added Cash SSP check, and a bigger Out-Migration from working families that are done paying California taxes.<br />
California should be walled off with electric barbed wire fencing.  The &#8220;Recipients&#8221; should be left inside California with the wonderful Liberal Politicians and Celebrities.<br />
There&#8217;s no way, this silly &#8220;budget&#8221; will fix anything at all.<br />
The only smart thing is the &#8220;offshore&#8221; drilling, that Newt Gingrich tried to tell them to do over a year ago with &#8220;Drill Here, Drill Now&#8221;.<br />
Watch all the illegals take all the Offshore Drilling Jobs now.<br />
And watch the Sacramento &#8220;homeless camp&#8221; grow with yet even MORE White people.<br />
That&#8217;s all there is in the Sacramento Homeless Camp, White Families.<br />
The Illegals are doing GREAT in Mexifornia!<br />
And, they will continue to do even better, with all there big huge Suburban gas guzzlers they drive.<br />
Farewell Kalifornia, Good Riddence to Bad Rubbish!</p>
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