To: businessprofessor
Most State constitutions have a requirement that the budget remain in balance. I don't know what the deal is with Collyforrnia but it would seem difficult for most states even to begin to get so deeply in hock, much less go bankrupt.
To: hinckley buzzard
cal has neither requirement (balance budget nor a rainy day fund)
55 posted on
10/11/2008 10:26:50 PM PDT by
markman46
(engage brain before using keyboard!!!)
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