California may need $7 billion federal loan

California may need $7 billion federal loan

www.cnn.com

California may need a $7 billion emergency loan from the federal government to pay for "teachers' salaries, nursing homes, law enforcement and every other state-funded service" this month, Gov. Arnold Schwarzenegger warns.

(visit the link for the full news article)

Amazing timing. This is feeling more and more like extortion if you ask me.

"The federal rescue package is not a bailout of Wall Street tycoons -- it is a lifeboat for millions of Americans whose life savings, businesses, retirement plans and jobs are at stake," Schwarzenegger said.

No, actually it is a bailout of rich tycoons. They just happen to have enough power to bring down everyone else with them.

This is really making me ill.

www.cnn.com
(visit the link for the full news article)

It looks like this is being discussed here...

www.abovetopsecret.com...