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Watchin tha world go by
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8,151 Posts
Discussion Starter #1
The next round of bailouts --- the states. California has already asked - New York is going broke - now Mass wants some of that free taxpayer cash.

hey no cuttin in line------how about just gittin ta the back of the line -- wait your turn. theres plenty of money ta go around, if not we will print more.
but ya gotta understand -- blood is thicker than water -- and these bankers and bokers are our campaign blood.

''That's all we would ask them to do: Treat us like the investment banks,'' Cahill said


http://www.nytimes.com/aponline/us/AP-Credit-Concerns.html?_r=1&oref=slogin

Mass. Asks About Federal Loan Amid Market Worries
Treasurer Timothy Cahill's requests to the U.S. Treasury and Federal Reserve Bank of Boston this week were prompted by the state's inability to borrow from the short-term debt markets, The Boston Globe reported Saturday. The financial turmoil has caused credit markets to stop lending, or to charge prohibitive rates.

California has made a similar request, saying it would run out of money by the end of the month if the short-term debt markets do not ease. The state asked whether it could not obtain loans from the Fed.

Massachusetts has enough money to cover its expenses for the coming weeks, Cahill said. But a low-rate loan would ease a cash shortfall if the credit problems persist.
 
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Information is Ammunition
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22,122 Posts
sheesh, i doubt we'll last until 2009- let alone 2012
 
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Watchin tha world go by
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8,151 Posts
Discussion Starter #5
and shortly after this there will no doubt be a lot of municipalities who will show up hat in hand for their share.

http://finance.yahoo.com/loans/article/105909/States-That-Can't-Pay-for-Themselves
States That Can't Pay for Themselves
by Prashant Gopal
Wednesday, October 8, 2008
The potential cost for all the 31 states facing both major and minor shortfalls could be as much as $53.4 billion.
The Golden State, which recently scrambled to fill a $15 billion budget gap, still may not be able to meet its payroll without help.

California is going to Washington, D.C., to ask for $7 billion to cover its budget shortfall. The potential cost for all the 31 states facing both major and minor shortfalls could be as much as $53.4 billion.
California
Budget gap (as a % of the total budget): 22%
Gap: $22.2 billion

Arizona
Budget gap (as a % of the total budget): 19.9%
Gap: $2 billion

Florida
Budget gap (as a % of the total budget): 19.9%
Gap: $5.1 billion

Nevada
Budget gap (as a % of the total budget): 16%
Gap: $1.2 billion

Rhode Island
Budget gap (as a % of the total budget): 13.1%
Gap: $430 million

New York
Budget gap (as a % of the total budget): 9.8%
Gap: $5.5 billion

Alabama
Budget gap (as a % of the total budget):
9.5%
Gap: $784 million

New Jersey
Budget gap (as a % of the total budget): 7.7%
Gap: $2.5 billion

Maryland
Budget gap (as a % of the total budget): 7.2%
Gap: $1.1 billion
 
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Watchin tha world go by
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8,151 Posts
Discussion Starter #7
How do I get in line?

I could use a billion or 2.
were the taxpayers ---we are at the end of the line -- havent ya heard we git paid back for it in the end

yea we git it in the end alright
 
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