Wow, stack all that against California’s blythe acceptance of a 14 billion dollar deficit. Oh, we can always float a few more bonds or take money from them so we can go on until June of this year. Oh and in the meantime let’s have a do-over on term limits so 42 Dem legislators can stay in office for six more years.
Yeah, crunch all you want, we’ll print more, right? Where does all this money come from? Into whose hands does it go when these things default or otherwise blow up?