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.
Subscribe to:
Posts (Atom)
Popular Posts
-
President Joe Biden is hiding a myriad of information on the more than 75,000 Afghans his administration has brought to the United States ...
-
A Kentucky Chuck E. Cheese appears to have taken the kid-friendly chain’s “no guns” policy too far, refusing to serve a police officer w...
-
Drum roll, please The real Cali story is infinitely darker. It’s time for The Top 7 Things The National Media Always Ignore About Jerry B...
-
'It's A Great Opportunity For Me Personally, It's Great Opportunity For Our State' ASBURY PARK, N.J. (CBSNewYork) –...
-
OSKALOOSA, Iowa – President Barack Obama called the latest addition to the GOP ticket, Rep. Paul Ryan, “a good man, a family man” du...
-
Why is the Obama Campaign trying to disenfranchise military votes and at the same time, trying to make sure that illegal aliens remain o...
-
“It’s a tax that punishes people that have been diligent over the years and did the right thing,” says Certified Public Accountant Bob K...
-
Recently we have seen an upturn in the number of members of the democrats that have taken to the cleaners by not only the conservative media...
-
On Wednesday March 7, 2012 HHS Secretary Kathleen Sebelius went before the Appropriations Subcommittee at a hearing on the new health ...