oliphant5
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join:2003-05-24
Corona, CA
| 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?
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?
The energy costs aren't part of the budget. They are paid through higher energy rates. The energy distributors like Edison International and SDG&E are the ones who took the hit and now are getting paid back through higher rates. Edison International just announced a price rollback for large energy users because they have reclaimed a portion of their losses and it was large energy users who took the biggest increases (I pay, even as a residential user up to .25/kWh for electricity »Re: Tough Love for California? ).
The $50 billion (as there was initially a $12B surplus was solely caused by excessive spending including 44,000 new gov't jobs during what was supposed to be a hiring freeze. Revenue exceeded both population and inflation in the state while spending increases DOUBLED population and inflation.
The ones who raided the state for billions was Davis and his cronies in the legislature.
As for Halliburton, the contract was temporary (only to fight oil fires and assess damage to the Iraqi oil infrastructure and repair it if necessary, NOT FOR REBUILDING ALL OF IRAQ) and they were the only U.S. corporation who had the resources to do it. It wasn't some scheme...the gov't simply had no alternatives. said by Lt. Gen. Robert B. Flowers, the commander of the Corps of Engineers:
No other contractor could satisfy mission requirements in the time. available
Remember, the thought at the time was that there would be literally hundreds of oil fires which turned out not to be the case and thus there is no billions being paid out. They money paid is only for work done. Little work means about $50 million so far of a possible max of $7 billion. Hardly a conspiracy. Since then, the U.S. Army has put other contracts up for bid. »www.enr.com/news/bizlabor/archiv···0411.asp
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[text was edited by author 2003-08-26 19:20:04] |
