Friday, May 08, 2009

Obama to CA: How dare you deal with your fiscal crisis responsibly? I'll take the "money to burn" away!

Let's say you have a son, who's been a loser in his financial life. He eventually reaches rock bottom and begs you to pay off his debt or the loan sharks will cut off his dick. He promises he'll stop doing heroin if you just help this one last time.

Would you then say: I'll pay only if you CONTINUE injecting Heroin!

Well, Obama just told California to keep the Heroin or else!

Is this country run by financial lunatics?

U.S. threatens to rescind stimulus money over wage cuts
-- The Obama administration is threatening to rescind billions of dollars in federal stimulus money if Gov. Arnold Schwarzenegger and state lawmakers do not restore wage cuts to unionized home healthcare workers approved in February as part of the budget.

Schwarzenegger's office was advised this week by federal health officials that the wage reduction, which will save California $74 million, violates provisions of the American Recovery and Reinvestment Act. Failure to revoke the scheduled wage cut before it takes effect July 1 could cost California $6.8 billion in stimulus money, according to state officials.

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