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:
Comments (Atom)
Popular Posts
-
'It's A Great Opportunity For Me Personally, It's Great Opportunity For Our State' ASBURY PARK, N.J. (CBSNewYork) –...
-
The House Oversight and Government Reform Committee sent letters Tuesday to five tech companies asking if they are involved with the effort...
-
Nearly $500,000 in charges include expensive dinners, extensive travel, and student lunch at Hooter's Jerome Oberlton, the head of ...
-
As severe drought conditions in California continue to worsen, state officials have started to roll out with new regulations to prioritize...
-
How? Just move people from low income neighborhoods into middle class neighborhoods. This brilliant stratagem is being promoted by Sh...
-
Politically active tax-exempt groups, which spent tens of millions in the previous election without disclosing their donors, would face tig...
-
Baltimore's police and civic leaders launched a two-month partnership Monday that will see ten federal agents embed with the city...
-
. Chicago’s public schools have released a budget that relies on nearly $500 million in funding the state has not yet voted to provide. ...
-
On Tuesday, Chairman Chuck Grassley (R-IA) of the Senate Judiciary Committee presided over a hearing entitled, “ Oversight of the Admini...
-
George Soros and Clinton lawyer Marc Elias engaging in multi-state effort to overturn ID laws Hillary Clinton’s top campaign lawyer is...
