Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

THE TERMINATOR SLASHES MONEY TO POOR

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
 
Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-19-09 07:33 AM
Original message
THE TERMINATOR SLASHES MONEY TO POOR

California is going broke. And the only way to drum up money is to dump the weak, the ill, the disabled and small children into the ditch to die. So the Terminator terminated money flowing to these populations. Of course, the bankers don’t worry about begging for money. Trillions of dollars are made available, literally, no questions asked.

California controller to suspend tax refunds, welfare checks, student grants - Los Angeles Times

Chiang said he had no choice but to stop making some $3.7 billion in payments in the absence of action by the governor and lawmakers to close the state’s nearly $42-billion budget deficit. More than half of those payments are tax refunds….
“It pains me to pull this trigger,” Chiang said at a news conference in his office. “But it is an action that is critically necessary.”

The payments to be frozen include nearly $2 billion in tax refunds; $300 million in cash grants for needy families and the elderly, blind and disabled; and $13 million in grants for college students…
But California is projected to be $346 million short of the funds it needs to pay all its bills in February. By March, the state would be so far in the red that even continuing to suspend payments would not cover the shortfall. California would be insolvent, making the issuance of IOUs likely.

Continued>>>
http://emsnews2.wordpress.com/2009/01/19/the-terminator-slashes-money-to-poor/
Printer Friendly | Permalink |  | Top
liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-19-09 07:36 AM
Response to Original message
1. The poor don't give any campaign contributions to politicians
Edited on Mon Jan-19-09 07:36 AM by liberal N proud
Therefore they are not represented.

:sarcasm:
Printer Friendly | Permalink |  | Top
 
Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-19-09 07:38 AM
Response to Reply #1
2. True. Plus the economic structure we live in forbids it. Our model gives the money
to the top. The so-called "trickle down" theory. Thanks Reagan. May he rot in Hell!
Printer Friendly | Permalink |  | Top
 
grannie4peace Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-19-09 08:10 AM
Response to Original message
3. i think he will be terminated soon
Printer Friendly | Permalink |  | Top
 
DemReadingDU Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-19-09 11:15 AM
Response to Original message
4. Not yet. starts 2/1/09

1/19/09 Disabled, Blind People to Lose Disability Payments

California's fiscal future lurched yet another step toward oblivion on Friday as state Controller John Chiang announced he could no longer make payments for services to disabled and blind people who need the money to pay for rent and food.

Chiang said payments would most likely have to be stopped by Feb. 1.

full article...
http://www.msnbc.msn.com/id/28709883/
Printer Friendly | Permalink |  | Top
 
SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-19-09 11:20 AM
Response to Original message
5. The day that monthly welfare checks don't show up in the mail
is the day the riots start.

Cities will go up in flames.
Printer Friendly | Permalink |  | Top
 
BeHereNow Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-20-09 03:34 PM
Response to Reply #5
8. You are damn straight on that point...
It's gonna get ugly.

People have this strange need to EAT.
Imagine that.
Guess the governator doesn't really care
what happens when the money to buy food dries up.
Be nice if he'd get that 9 billion back from the Enron
robbers, eh? Oh wait, he had a meeting with them
before he was selected and recommended by George Schultz
so I guess that money is gone for good.
Too bad poor people, guess you'll just have to starve.

BHN
Printer Friendly | Permalink |  | Top
 
ProgressiveProfessor Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-19-09 12:03 PM
Response to Original message
6. It more that just the Gropanator. the blame for this is much broader
There is no budget in CA. They can't borrow without one at this point. The cash reserves are just about gone. The budget requires a super majority. The Repukes are holding to "no new taxes" and have just enough votes to block the budget. The Dems tried and end around, but it failed with a veto and would have died in the courts.

Its not just Arnold, though he certainly owns a piece of it.
Printer Friendly | Permalink |  | Top
 
coalition_unwilling Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-20-09 08:55 AM
Response to Reply #6
7. A budget was passed and
Edited on Tue Jan-20-09 09:05 AM by coalition_unwilling
presented to Schwarze-Nazi for his signature. He vetoed it b\c it contained too much spending, or so his spokespeople claimed.

Funny, tho, how the state prison-industrial complex was never mentioned as a budget item with "too much spending."

Schwarze-Nazi bears the lion's share of the blame, imho.

Edited for clarity.
Printer Friendly | Permalink |  | Top
 
anigbrowl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-20-09 04:42 PM
Response to Reply #7
9. Yes, but not a legal one.
This is a problem with multiple owners, not just the governor.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue May 07th 2024, 08:05 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC