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
-
Black Lives Matter co-founder Patrisse Cullors writes that the Democratic Party has “milked” the votes of African-Americans The Outrage ...
-
Environmentalists fighting the Keystone XL pipeline are rallying to block a Maryland natural gas export terminal as momentum builds to use ...
-
Will the Floridians who have enrolled for Obamacare please stand up? Nearly two weeks after the federal government launched the online He...
-
150th anniversary of Abraham Lincoln’s Gettysburg Address this month A historian said Friday that Americans often fail to recognize ...
-
Popular podcaster Joe Rogan endorsed former President Donald Trump on Monday, citing a “compelling case” made by Elon Musk on his show. Th...
-
(CNSNews.com) – White House Spokesman Jay Carney said that the Obama administration had not “rejected” the Keystone pipeline, despite t...
-
Thousands of clients using the affair-oriented Ashley Madison website listed email addresses registered to the White House, top federal ...
-
President Obama and Donald Trump see immigration differently. The President’s aggressive executive action on immigration is still being li...
-
The Obama administration will release healthcare enrollment numbers for Obamacare's rocky October rollout this week that could be more...
-
By Jessica Meyers GLOBE STAFF JUNE 05, 2015 WASHINGTON – Seth Moulton had earned two medals in Iraq for his valor. He’d witnes...
