I fully expect california to be the first state to file for bankruptcy. the last filing with be the the aggregate of all the states aka UNCLE SAM
Because they have been too busy spending on a bunch of crap just like the average American. Instead of invesing in ifrastructure that will stimulate growth, they have [...]
Increased taxes will result in productivity loss and ever-higher deficits with fewer and fewer businesses and employees left to carry the load.
Insane levels of homeowner greed, Nimby “environmentalism” and public employee unions have totally destroyed California’s economy. Raising taxes feeds California’s problems, it doesn’t resolve them.
This is going to happen, state by state, then [...]
NEW YORK (MarketWatch) — California Gov. Arnold Schwarzenegger said that California may need up to $7 billion in emergency funding from the federal government as the state is almost running out of cash to pay for daily government operations, according to a report Friday in the Los Angeles Times. In an email obtained by the [...]
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