Discussion with no action continues in Sacramento. CA is still out of cash and now the bond markets have downgraded the bond rating (again) of CA bonds from A- to BBB. The Democrats are taking on the Governor regarding the suspension of Prop 98 (i.e., funding of public schools) and are joined with threats from CTA over the 98 suspension. I wnoder if those in Sacramento have also figured out that the federal stimulus is only "one-time" and will rear its head again in 12 months. Sounds like things are "fun" and hot in Sacramento.
To add to the frivolity the Governor made some interesting remarks regarding his ability to escape the depressing atmosphere of Sacramento. In the local paper, Sacramento Bee, columnist Dan Walters has provided an interesting Opinion piece regarding the Governor's responsibility with all of this.
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