Tag Archives: California Bankrupt

Bell CA City Manager Robert Rizzo $780,000

City Manager Robert Rizzo from Bell, California one of Los Angeles County’s poorest cities earns twice as much as President Obama.

Residents from the working class town of Bell erupted in outrage after learning that their city pays its officials some of the highest local government salaries in the nation. 

Rizzo who earned $780,000 per year has resigned as have some of Bell’s other top earning government officials. But frustrated residents gathered at a city council meeting to demand more resignations and an end to what they regard as widespread corruption.

Bell California protesters furious with high taxes, cronyism and inflated public sector pay shouted in Spanish language, they all must go.

It’s no wonder the State of California is bankrupt.


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Bankrupt California Endangered Human Species List

Endangered Species Act restrictions on pumping water from the Sacramento – San Joaquin Delta to protect several species of fish have many Fresno area Farmers calling this shortage a ” man-made drought. ” Cuts in irrigation water deliveries have cost over 40,000 jobs and $900 million in farm revenues so far. With 400,000 acres idled due to lack of water – Fresno County and California stands to lose $474 million in taxes this year.

California Farms are Dying. Food prices will surely skyrocket. Paul Rodriguez ” Fish Don’t Vote , We Do – we need the water desperately , I can’t believe – this is totally Un-American. ” God Bless – Be Well.

California , the World’s 8th Largest Economy , is Out of Money. Governor Schwarzenegger has proposed deep cuts to social programs , including aid for the elderly, disabled and impoverished – plus cutbacks to schools and healthcare. California’s creditors have received ” reserve warrant ” IOU’s. Credit agency Fitch lowered its rating on California’s debt two notches from ” A minus ” to BBB – just two levels above Junk status.

California has a $26 Billion budget gap and Gov. Schwarzenegger and state lawmakers have not agreed on a solution. ” It’s a Sad Story .” – Arnold Schwartzenegger  Investors betting on California surviving and it’s not the end of the world as we know it , can receive future 3.57 % interest payments from the State. The IOU’s , reserve warrants , have also been showing up on Craigslist and eBay and selling for about 0.80 cents on the dollar.

Gov. Schwarzenegger – the Economic Girlie Man video:

” I Say , Don’t become Economic Girlie Men .” – Arnold Schwartzenegger

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