Forum Discussion
travelnutz
May 13, 2013Explorer II
coolbreeze01,
Just one below of over 30 web pages about California's actual indebtedness presently and the long term debt is continuing to grow at min rate of 3-7 billion each year over the yearly revenues in the state. WSJ, Forbes, and Newsweek all had articles outlining the facts in black and white of the true indebtedness of California. A snipit by Moonbeam Jerry Brown's supporters doesn't begin to match the real story the financial gurus list exibits. Throwing a dog milk bone to a starving dog won't begin to satisfy the dog's real hunger! Some respected web pages list the debt as even much higher the the article below. As the extremely high pensioned various state etc employees retire, California's debt will mushroom very fast beyond any possible ability to meet their obligations. All had agreed to this known scenario! Not a joke! Google it! Stay tuned!
One article and far from the scariest one:
California's debt still a heavy cloud over state's future
Gov. Jerry Brown's new budget presented a plan to pay back nearly $28 billion owed, but various sources estimate the state's debt at hundreds of billions.
January 13, 2013|By Evan Halper and Chris Megerian, Los Angeles Times
Just one below of over 30 web pages about California's actual indebtedness presently and the long term debt is continuing to grow at min rate of 3-7 billion each year over the yearly revenues in the state. WSJ, Forbes, and Newsweek all had articles outlining the facts in black and white of the true indebtedness of California. A snipit by Moonbeam Jerry Brown's supporters doesn't begin to match the real story the financial gurus list exibits. Throwing a dog milk bone to a starving dog won't begin to satisfy the dog's real hunger! Some respected web pages list the debt as even much higher the the article below. As the extremely high pensioned various state etc employees retire, California's debt will mushroom very fast beyond any possible ability to meet their obligations. All had agreed to this known scenario! Not a joke! Google it! Stay tuned!
One article and far from the scariest one:
California's debt still a heavy cloud over state's future
Gov. Jerry Brown's new budget presented a plan to pay back nearly $28 billion owed, but various sources estimate the state's debt at hundreds of billions.
January 13, 2013|By Evan Halper and Chris Megerian, Los Angeles Times
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