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
-
The 2016 election will be one in which “voters will look past what you say to what you’ve done,” Rick Perry says in a new video on his web...
-
NEW YORK (Reuters) - Stocks opened higher on Wednesday on optimism that U.S. politicians would strike a last-minute deal to prevent the cou...
-
Defense Secretary Chuck Hagel is dispatching the head of the National Guard to states that have refused to allow same-sex couples serving i...
-
According to the Medicaid provider contract between DHH and Planned Parenthood, along with relevant Louisiana law, either party can choos...
-
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...
-
Earlier this week, CalWatchdog.com mentioned some of the political implications that the partial government shutdown will have on Congres...
-
A top Democratic senator said Sunday that Secretary of Health and Human Services Kathleen Sebelius will testify before Congress a...
-
This week a 19 year old Republican, Yvonne Dean-Bailey, won a highly contested race in the swing state of New Hampshire. Dean-Bailey,...
-
MSNBC contributor Jonathan Alter on Saturday continued the liberal media pattern of siding with the Obama administration on the current gov...
-
Steven Chu is a Nobel Prize-winning physicist, a brilliant innovator whose research fills several all-but-incomprehensible paragraphs of a ...
