California Borrows From The Feds

California is borrowing $40 million a day from the Federal Government to pay unemployment benefits to Californians. This amounts to over $10 billion yearly. They are already in debt for over $20 billion they cannot pay. Yet they re-elect the Democrats that put them there.  New York is similarly in debt and also returned the Democrats to power.  

The Federal Government needs to not bail out these states and allow them to default. This would allow the states to restructure their debt and change state union contracts as necessary. 

The rest of the Nation will not support bailing out states that do nothing to help themselves. They chose to re-elect Democrats – let them solve their problems without using our Federal Money. 

2012 is coming………

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About billmoore353

Retired LTC- USAR Former HS Principal- John A. Holmes HS in Edenton, NC Former HS Principal- Roosevelt HS in Yonkers, NY
This entry was posted in Budget, Politics, TAXES. Bookmark the permalink.

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