joebear29
join:2003-07-20
Alabaster, AL
| reply to kilingspam
Re: This is what massive Federal tax cuts will get you
said by kilingspam  :
You are forgetting that California got ripped off with the fake energy crunch costing the state $38 billion dollars.
The judge only ordered $2 billion to be paid back.
What is wrong with that picture?
If someone raided your bank account of $36 billion dollars kinda hard to balance a budget huh?
California did not lose 36 billion to a fake energy crisis. The crisi cam about because first it botched the deregulation by limiting the amount the utilities could charge then they locked themselves into long term contracts right before the prices went up.
Yes, there were some shenanigans, but most of the money lost was due to bad deregulation and foolish contracts.
quote:
Responsible tax cuts are fine if the Federal does it without corruption. Monies I pay in taxes to the feds that should be sent right back are going to pay for contracts signed for rebuilding Iraq. These fed contracts where handed out without any bidding. Hummmm, lets just hand a contract over to Cheneys old company without getting ANY QUOTES! Must be nice to spend my hard earned monies that way!
States are having to do these things because the Bush Admin (Feds) are ripping off every single american, or should I say all but the richest 1% that gave millions for Bush to be handed his seat by a court ruling and not by our votes.
Anyway, would one expect anything different from his brother Jeb?
Even accepting every word you say as true (Haliburton got a sweetheart contract, the tax cut mysteriously involved taking money from poor americans and giving it to rich americans), what does that have to do with state budget deficits? |
