No one knows what the final cost will be but when you include the costs of bonds at the current rate, it cost the state about $2.25 for every dollar borrowed. It is a wonder how the state has not gone bankrupt yet. With the gimmicks and games that are being played, the arbitrary budget that was just passed makes for interesting conversation that all bets are off as to when and not if California falls into the ocean. In the past month three California cities have filed for bankruptcy protection with many more lining up to fail as well.
Saturday, July 28, 2012
California: Political Sinkhole of the West (Part 2)
No one knows what the final cost will be but when you include the costs of bonds at the current rate, it cost the state about $2.25 for every dollar borrowed. It is a wonder how the state has not gone bankrupt yet. With the gimmicks and games that are being played, the arbitrary budget that was just passed makes for interesting conversation that all bets are off as to when and not if California falls into the ocean. In the past month three California cities have filed for bankruptcy protection with many more lining up to fail as well.
Popular Posts
-
Massachusetts senator Elizabeth Warren is bringing her name and fundraising prowess to Oregon next week to help her fellow Democrat, Jeff ...
-
MOSCOW – Russia dramatically escalated its denunciations of American threats to attack Syrian military targets on Saturday, as President V...
-
Lately, there has been a lot of hype about Donald Trump’s comments on illegal immigration. I’ve seen post after post on Facebook from Hisp...
-
The caveman in charge of this is an Albanian man named Lavdrim Muhaxheri. Via: Weasel Zippers Continue Reading.. ...
-
MADISON — Some kindergartners, first-graders and second-graders in Madison public schools are apparently preparing for futures in either ...
-
In a now-famous tweet, Jon Gabriel wryly remarked , "My favorite part about the Obama era is all the racial healing.” In the publi...
-
If there’s anything Barack Obama loves as much as himself it’s publicity. Obama wants his name on the lips of all citizens of the world’...
-
President Barack Obama and those closest to him are "doing everything they can" to encourage Vice President Joe Biden to chall...
-
May 21 (Reuters) - Fiat Chrysler Automobiles Chief Executive Sergio Marchionne has a request for potential buyers of the automaker's F...
-
Why wasn't Juan Emmanuel Razo-Ramirez, a Mexican national in the U.S. illegally, detained by Lake County sheriff's deputies during...