California will be our Greece. If the DNC controls the White House the taxpayers will eat it. If the GOP controls the White House the proposed bailout will be one of the most heated battles we have witnessed. If the current GOP leadership is still in place the taxpayers will eat it again. Their congressional delegation is that powerful.
Entitlements, state salaries, and public pensions will eventually crush the state economy. The rats in California will continue to strangle producers with high taxes and Texas, Nevada, and Arizona will gain productive companies and people and state revenues will continue to decrease as budgets increase.
The danger to the rest of the nation is the massive size of California’s budget.
That is my .02
“California will be our Greece....”
Naah...think Detroit...growed up good to the state level.
The GOP establishment will want to bail out Kalipornia too
I’m on board, you thoughts mirror my own.
I was just in San Francisco this past week and only saw one Prius. Gee, I expected everyone to be driving Volts.
There’s some beautiful countryside..but some very stupid people who allowed this to happen. Let the Hollywodd 1%’ers bail them out.
“California will be our Greece”
California will be bailed out regardless whom is President, just to what degree. Look to GM for what Bambi will do. If your holding Cali bonds, get the hell out of them if you can.