The elephant is smack dab in the middle of the room and no on sees it. Years of being a sanctuary state is coming to a head. How much does the illegal immigrant population cost California? Billions
And as for Wall Street bailing them out, I’m not a business whiz but I wouldn’t touch it. You have the biggest state in the country becoming a third world hell hole. Future proceeds from the lottery? You’ve got to be kidding me.
They look on Wall Street at that proposal and have a good laugh. I'm an ordinary guy and they wouldn't extend me a loan on secured investment property. Yet the Governor of the most populous state in the Union expects Wall Street to extend a loan of a couple of billion dollars on what's essentially an unsecured commitment. I couldn't get a few hundred thousands dollars to leverage future income from a rental and here California wants billions to be extended on the basis of an IOU from the state lottery! They would be stupid to do that on Wall Street. Its a high risk offer with no prospect of ever seeing a decent return.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus