REPORT COPYRIGHT VIOLATION IN REPLY
|
Message Subject
|
California sales tax revenue down 33.5% vs estimates
|
Poster Handle
|
Anonymous Coward |
Post Content
|
California Sales Tax Revenues Nosedive By 33.5% The state has avoided default by temporarily borrowing from state trust funds, but those accounts will soon need their cash back to continue operating. Today California quickly began trying to sell $10 billion in municipal bonds to fund the record $28 billion they need to keep the lights on. With tax revenue plummeting and the state already the second lowest rated credit in the country, if the independent credit rating agencies downgrade the state to “junk bond”, California will be short up to $18 billion and default. [ link to tipggita32.wordpress.com (secure)] Basically, California is to the United States as Greece is to the EU. Here comes the bailouts that will only lead to more bailouts... Quoting: jcab2002 The funny thing is, the debt isn't that huge considering the economy in California. These fuckers don't want to fire all the government employees so they keep borrowing to keep their damn jobs. Cut these government employees loose and California will blossom again. These fuckers would rather chase businesses away than to loose their own jobs. Quoting: Anonymous Coward 846701 this Im a happy EX Californian i just hope they sprinkle salt on the leaches before its all done
|
|
Please verify you're human:
|
|
Reason for copyright violation:
|