Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
mean while the liberal states are running so much debt, not even the federal government could bail them out
cali has nearly 1 trillion in debt
Ny has nearly 700 billion in debt..with NYC itself having over 190 billion in debt
way to go liberals.....spend like drunken sailors
A state with a growing economy and little to no deficit spending would be stupid to not issue more debt right now considering that it's as close to free as it'll ever be if their bond rating is high enough. Long term pension obligations are a much bigger threat to state and local governments than issuing new debt for infrastructure investment.
And California is currently sitting on a $4 billion surplus.
A state with a growing economy and little to no deficit spending would be stupid to not issue more debt right now considering that it's as close to free as it'll ever be if their bond rating is high enough. Long term pension obligations are a much bigger threat to state and local governments than issuing new debt infrastructure investment.
And California is currently sitting on a $4 billion surplus.
Not to mention the fact California has one of the biggest economies in the world.
having a 'big economy' doesn't do much when you have nearly a trillion dollars in debt
Liberals don't understand or even care about debt, it's a foreign concept to them that other people deal with. To liberals, debt is always someone else's problem.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.