Tuesday, November 11, 2008

Sacramento Bee -- Capitol Alert

Sacramento Bee -- Capitol Alert: "Assembly Speaker Karen Bass said today that the nation's most populous state deserves the same bailout consideration given to financial and other industries teetering on the verge of disaster.

'We can't let one of the world's largest economies go over the cliff,' she told reporters.

Bass, D-Los Angeles, made the comments shortly after the Legislative Analyst's Office released a report projecting that the state faces a $27.8 billion shortfall over the next 20 months.

Bass said she is aware that California's congressional delegation and House Speaker Nancy Pelosi are 'working on an economic stimulus plan (and) talking about assistance to states.'"
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Bass says all they want is a measly 5 or 6 billion. That would still leave another 20 billion or so to cover, but maybe they they sell the freeway system to the Chinese.

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