Hear my prayer: California’s net worth at negative $127.2 billion
12 Replies to “O, Sweet Saint Of San Andreas”
It’s getting to the point where if the US offered to give them back to Mexico, it would be refused.
Tragic doesn’t begin to describe what has been done to this state in the name of liberalism. And yet they continue full steam ahead completely oblivious. They’re smarter than the room though, especially those backwards Texans with their 8 billion dollar surplus.
“The list of long-term obligations did not include the much-disputed unfunded liabilities for state employees’ future pensions, nor the $60-plus billion in unfunded liabilities for retiree health care.”
Everyone in California is a State Employee. Retired in 5 years
Federal Money keeps California afloat
Stockton CA goes bankrupt, files for Chapter 9
Bondholders, who hold 7% of the debt are being asked to take on 40% of the hit.
Unionized staff are saying they are owed full compensations and pensions and should take a ZERO % hit
Stockton is to California what GM is to Obama.
Knock, knock.
Yes?
Hi, I’m from the State of California, and I’m here to colect $3,345.00 from every man, woman and child in the house…
No, you don’t “get” anything for it, it is simply to pay off the deficit that we’ve so far put on paper. Basically, this will break California even.
After collecting this, California (and Californians) will have nothing. Zero. Zip. Nada.
Of course, that’s better than being thirty-three hundred bucks behind the eight ball like we are now…
Well, this just gets uglier. After the Blue States fail they will drag the Red States down. Gona be a long wait for a train not coming.*
*Serenity
Give it a min. or two – their debt will be packaged for the markets as an investment vehicle by the banks.
If the leftist’s in California don’t soon smarten up, their economy will eventually sink into the abyss of insolvency. An insolvency abyss that’s currently got one resident…Ontario.
Your right, but I don’t think many in Ontario want to admit it yet. Just wait until they can’t deny it any longer..
they will only admit that Ontario is dead after they re-elect the libs this year!
How does that even happen?
Seal off California. This cannot spread elsewhere.
It’s getting to the point where if the US offered to give them back to Mexico, it would be refused.
Tragic doesn’t begin to describe what has been done to this state in the name of liberalism. And yet they continue full steam ahead completely oblivious. They’re smarter than the room though, especially those backwards Texans with their 8 billion dollar surplus.
“The list of long-term obligations did not include the much-disputed unfunded liabilities for state employees’ future pensions, nor the $60-plus billion in unfunded liabilities for retiree health care.”
Everyone in California is a State Employee. Retired in 5 years
Federal Money keeps California afloat
Stockton CA goes bankrupt, files for Chapter 9
Bondholders, who hold 7% of the debt are being asked to take on 40% of the hit.
Unionized staff are saying they are owed full compensations and pensions and should take a ZERO % hit
Stockton is to California what GM is to Obama.
Knock, knock.
Yes?
Hi, I’m from the State of California, and I’m here to colect $3,345.00 from every man, woman and child in the house…
No, you don’t “get” anything for it, it is simply to pay off the deficit that we’ve so far put on paper. Basically, this will break California even.
After collecting this, California (and Californians) will have nothing. Zero. Zip. Nada.
Of course, that’s better than being thirty-three hundred bucks behind the eight ball like we are now…
Well, this just gets uglier. After the Blue States fail they will drag the Red States down. Gona be a long wait for a train not coming.*
*Serenity
Give it a min. or two – their debt will be packaged for the markets as an investment vehicle by the banks.
And yet Victor Davis Hanson sees it a little differently: http://victorhanson.com/articles/hanson032413.html
and
http://victorhanson.com/articles/hanson032813.html
A little humility is called for when contemplating our still-great neighbours and cousins to the South.
If the leftist’s in California don’t soon smarten up, their economy will eventually sink into the abyss of insolvency. An insolvency abyss that’s currently got one resident…Ontario.
Your right, but I don’t think many in Ontario want to admit it yet. Just wait until they can’t deny it any longer..
they will only admit that Ontario is dead after they re-elect the libs this year!
How does that even happen?
Seal off California. This cannot spread elsewhere.