Thread: Schwarzenegger furious over state bond downgrade

TWEETS YOU NEED TO READ

July 6, 2009

Schwarzenegger furious over state bond downgrade
@ 4:32 pm by Jordan Fabian
California’s fiscal crisis continued to worsen Monday as Fitch Ratings cut the state’s bond ratings for the second time in under a month.

Gov. Arnold Schwarzenegger (R) tweeted his frustration about the blow to his state’s financial health:

Fitch downgrade of CA’s credit rating is exactly why we need to be working until deficit is solved w necessary cuts and not boycotting mtgs.

Schwarzenegger has been locked in a stalemate with the state legislature over solutions to the budget crisis. The former movie star has not been able to convince the legislature to accept deep budget cuts thus far.

Fitch announced its decision this afternoon.
http://twitterroom.thehill.com/2009/07/ ... downgrade/

I hope that California serves as a WAKE UP call to all of us! BO, are you watching and listening to this? The fate of California is the fate of the rest of our country if Cap and Trade passes and spending continues. What are we prepared to do??!

And yet that idiot Schwarzenegger refuses to implement e-verify to stop the billions in benefits fraud to illegal aliens using stolen identities. LA county is 550 million in the red but spends over 1 billion annually for benefits to illegal aliens. Take care of those illegally here while telling struggling Americans to go hell.