Mass. may seek a US loan as credit markets dry up - New England Patriots Forums

***weswelker#83*** · 10-04-2008, 10:07 PM

State Treasurer Timothy P. Cahill this week approached the US Treasury and the Federal Reserve Bank of Boston about lending Massachusetts money under the same extraordinary terms the government is giving banks and Wall Street firms during this financial crisis.

Mass. may seek a US loan as credit markets dry up - The Boston Globe

Enjoy those paved roads while we still can!

***IcyPatriot*** · 10-04-2008, 10:14 PM

Quote:

Originally Posted by weswelker#83

State Treasurer Timothy P. Cahill this week approached the US Treasury and the Federal Reserve Bank of Boston about lending Massachusetts money under the same extraordinary terms the government is giving banks and Wall Street firms during this financial crisis.

Mass. may seek a US loan as credit markets dry up - The Boston Globe

Enjoy those paved roads while we still can!

Deval is a liberal so he already has 1 foot in that door.

MrBigglesWorth · 10-04-2008, 10:14 PM

what? we have to stay within a budget and can't have any credit?

no fair!!

***Michael*** · 10-04-2008, 11:01 PM

Quote:

Originally Posted by weswelker#83

State Treasurer Timothy P. Cahill this week approached the US Treasury and the Federal Reserve Bank of Boston about lending Massachusetts money under the same extraordinary terms the government is giving banks and Wall Street firms during this financial crisis.

Mass. may seek a US loan as credit markets dry up - The Boston Globe

Enjoy those paved roads while we still can!

As long as Patrick has his Caddy and renovated office.

. Yeah Republicans are the ones that destroyed America.

***weswelker#83*** · 10-05-2008, 05:35 AM

Quote:

Originally Posted by Michael

As long as Patrick has his Caddy and renovated office.

. Yeah Republicans are the ones that destroyed America.

I don't think you understand the situation , this country runs on credit to pay workers , to let students go to college ,etc,etc.

I always tought you were smarter than that , buddy. Now , think before telling BS. Think , think.

It s not A Party problem , it is a country problem.

It is the economy ,stupid*

*Famous quote.

Real World · 10-06-2008, 12:38 PM

People still don't understand that the biggest driver of the cost of living, is the government. The bigger the government gets, the more money it needs to operate. When it needs more money, guess who pays the freight?

PatriotsReign · 10-06-2008, 12:41 PM

Quote:

Originally Posted by Real World

People still don't understand that the biggest driver of the cost of living, is the government. The bigger the government gets, the more money it needs to operate. When it needs more money, guess who pays the freight?

To add to your point RW, when the government spends billions on bailouts, it devalues the dollar which also leads to inflation and a higher cost of living.

Real World · 10-06-2008, 12:45 PM

Quote:

Originally Posted by PatriotsReign

To add to your point RW, when the government spends billions on bailouts, it devalues the dollar which also leads to inflation and a higher cost of living.

Normally I'd agree with you about the dollar, but not under current global conditions. The dollar has actually stregthened considerably against the currencies that matter most, cuz the rest of the world is in worse shape than we are. That's not to say I don't see your point though PR.

Real World · 10-06-2008, 12:58 PM

It's funny to look back at posts.

Mass Casino News Flash

The state needs a loan now, but it was 5 or 6 months ago that they were so gitty over some extra "revenue" they collected, that they added $200 million to the already bloated, and defecit ridden, $28 Billion state budget. LOLOLOL...

Quote:

5/6/2008

A business-as-usual budget - The Boston Globe

MASSACHUSETTS tax collections in April soared 17.1 percent compared with a year ago. But this news, announced yesterday, shouldn't cause the Legislature to abandon all restraint on spending. The figures largely reflect the strength of the economy last year, before the full impact of the housing loan crisis. And the extra money that flowed to the Department of Revenue is needed for long-term commitments, including education aid and health-insurance expansion.

The House, perhaps sensing the good news, voted Saturday to increase the $28 billion budget proposed by the Ways and Means Committee by $200 million before sending it on to the Senate. A $12.4 million tourism line item in the committee budget ballooned to $34.2 million, thanks to spending on such attractions as the Boston Symphony Orchestra summer home at Tanglewood ($200,000), the Basketball Hall of Fame in Springfield ($300,000), the Grand Army of the Republic Museum in Lynn ($100,000), the Waltham Tourism Council ($100,000), and the Central Square Theater in Cambridge ($100,000). The state has more pressing responsibilities.

MrBigglesWorth · 10-06-2008, 03:08 PM

Quote:

Originally Posted by Real World

Normally I'd agree with you about the dollar, but not under current global conditions. The dollar has actually stregthened considerably against the currencies that matter most, cuz the rest of the world is in worse shape than we are. That's not to say I don't see your point though PR.

so food and material goods have gone up largely because of fuel transportation costs? now has has come down. i'd say inflation has played as much a factor on goods as growing transportation costs.

thoughts?