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
-
Maricopa County, Arizona Sheriff Joe Arpaio has issued a bold threat to any unpatriotic inmates in his jails. According to CBS5 , Arpaio ...
-
'It's A Great Opportunity For Me Personally, It's Great Opportunity For Our State' ASBURY PARK, N.J. (CBSNewYork) –...
-
The recent battle over a Federal government shutdown adds more evidence to the argument that public sector unions must be abolished. Cities...
-
Remember the Department of Veterans Affairs scandal in April, 2014 that exposed veterans had died as a result of waiting for healthcare?...
-
In 2011, President Barack Obama signed the Food Safety Modernization Act (FSMA) into law, [1] giving the Food and Drug Administration (FDA...
-
Betty and Richard Odgaard, owners of Görtz Haus Gallery in Grimes, Iowa. (Photo: Odgaards) Charged with discriminating against a gay cou...
-
As shoppers hunt for holiday bargains this season, they may find something unusual for sale at the mall: Obamacare . With enrollmen...
-
CHARLESTON, S.C. — Black community activists raised alarms Thursday about the mass murder at the historic black church potentially sp...
-
The overturning of a San Diego law restricting residents’ right to carry a firearm outside their homes for self-defense is a clear win f...
