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
-
CLEVELAND, Ohio – A judge ruled Saturday morning that Cleveland police officer Michael Brelo is not guilty of two charges of voluntary...
-
Roughly one-quarter of people with health insurance are paying deductibles and out-of-pocket expenses that are so high they are considere...
-
A gunman with an assault rifle opened fire in a crowded terminal at Los Angeles International Airport Friday, killing a TSA employee and in...
-
When Republican strategists like Karl Rove cite 1980 as a model for this year’s election, they usually have in mind two main elements: R...
-
It happened during an embarrassing albeit inclusive gay pride celebration. In the White House East Room, with a beaming Joe Biden standin...
-
The White House says Americans can't draw any conclusions yet about just how screwed up is the Department of Veterans Affairs medical ...
-
Perhaps to distract attention from her own scandals, Hillary Rodham Clinton charges that Republicans want to curtail young people’s and...
-
This English writer, prison doctor and psychiatrist has traveled the world, talked with the ordinary people elites avoid and warns Ameri...
-
During the 1988 Republican Convention, then Vice President George H. W. Bush uttered a phrase that would destroy his Presidency — “Read my ...
-
27 Seconds Is All It Takes to Realize This Is One of the Most Confusing Obamacare Answers Out There By Mike Opelka, The Blaze It was...