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Old 03-24-2010, 01:36 PM
 
2,654 posts, read 5,464,422 times
Reputation: 1946

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Sweeeeeeeeeeet....


Quote:
Iraq is now considered a safer bet than Argentina, Venezuela, Pakistan, and Dubai — and is nearly on par with the State of California, according to Bloomberg statistics on credit default swaps, which are considered a raw indicator of default risk.

“Compared to California, I’d rather bet on Iraq,’’ Daher said. “Iraq is a country where there are still bombs going off and people getting murdered, but they are less indebted than the United States. California is likely to have more demands on its resources, and there is no miracle where California is going to have more revenue coming out of the sky. Iraq has prospects for tremendously higher revenues, if they can manage to get their act halfway together, which they seem to be doing.’’
Gambling on Iraq’s slow rise from ruin - The Boston Globe

Way to go CA legislature!!

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Old 03-24-2010, 01:44 PM
 
3,322 posts, read 7,969,505 times
Reputation: 2852
I'm glad. We need to make it as obvious as possible this state is a joke. No more fixing the issues, they need to be shown for what they are...broken. We need to have radical changes throughout the state. Everything in LA is a joke especially LAUSD. Most departments of the DMV are closed 3 Friday a month. They need to throw pride out the window and start begging for help.
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Old 03-24-2010, 01:56 PM
 
11,715 posts, read 40,443,013 times
Reputation: 7586
Makes sense to me. At least Iraq has oil and no welfare state to support.
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Old 03-24-2010, 03:00 PM
 
2,245 posts, read 4,231,300 times
Reputation: 2155
Quote:
Originally Posted by EscapeCalifornia View Post
Makes sense to me. At least Iraq has oil and no welfare state to support.
And no you-know-whos getting every benefit they can and making babies they can't afford without tax payer subsidies.
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Old 03-24-2010, 06:01 PM
 
Location: 112 Ocean Avenue
5,706 posts, read 9,627,998 times
Reputation: 8932
CA needs a new state constitution. The current one is -- umm -- not working out very well.
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Old 03-24-2010, 06:23 PM
 
Location: Denver
9,963 posts, read 18,494,591 times
Reputation: 6181
Iraq doesn't have anyone from other countries occupying their land and consuming their resources either...

oh wait.
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Old 03-24-2010, 11:20 PM
 
Location: San Diego, California Republic
16,588 posts, read 27,381,339 times
Reputation: 9059
Quote:
Originally Posted by think first View Post
CA needs a new state constitution. The current one is -- umm -- not working out very well.
Because it's too damn long and arbitrary. I heard that our states constitution is four times longer than the federal one.
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Old 03-24-2010, 11:26 PM
 
Location: Earth
17,440 posts, read 28,593,729 times
Reputation: 7477
Quote:
Originally Posted by Gentoo View Post
Because it's too damn long and arbitrary. I heard that our states constitution is four times longer than the federal one.
3rd longest constitution in the world, only those of India and Alabama are longer.
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Old 03-24-2010, 11:27 PM
 
Location: Earth
17,440 posts, read 28,593,729 times
Reputation: 7477
Quote:
Originally Posted by Mach50 View Post
Iraq doesn't have anyone from other countries occupying their land and consuming their resources either...

oh wait.
Iraq has the ultimate "illegal immigration" problem....
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Old 03-24-2010, 11:29 PM
 
2,245 posts, read 4,231,300 times
Reputation: 2155
Quote:
Originally Posted by majoun View Post
Iraq has the ultimate "illegal immigration" problem....
That made my evening.
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