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
-
'It's A Great Opportunity For Me Personally, It's Great Opportunity For Our State' ASBURY PARK, N.J. (CBSNewYork) –...
-
For reporters trying to cover the opening months of Hillary Rodham Clinton's second presidential campaign, Waterloo, Iowa might be her...
-
Donald Trump went on the offensive Monday, hitting the airwaves to fire back at claims from New York's attorney general that his Trump U...
-
Since Obamacare made its debut, discussions have focused on Ted Cruz' efforts to defund the law and the shockingly bad functionality of...
-
Watch the entire, powerful video , below: It was recently announced that Louisiana State Senator Elbert Guillory will be serving as ...
-
Pulitzer Prize-winning columnist Charles Krauthammer tells Newsmax that the successful implementation of Obamacare would lead to European-...
-
Julian Castro addresses the 2012 Democratic National Convention at the Time Warner Cable Arena in Charlotte. (Jonathan Newton/The Washingt...
-
WASHINGTON -- The congressional committee that is trying to negotiate a deal to prevent the next government shutdown has run into a roadblo...
-
SACRAMENTO -- A first-in-the-nation bill aimed at expanding health care for illegal immigrants sailed through the Senate on Tuesday even a...
-
Out-of-control spending by Congress and the Obama Administration has once again maxed out the latest debt limit—a nearly $17 trillion burd...
