I smell recall.
States are broke, local governments are even more broke. Many have enormous unfunded pension liabilities and out of control contracts with workers (SEIU and teachers being good examples). There is simply insufficient money to make it work.
By forcing asset prices higher (stocks), The Fed hopes to prevent the wholesale meltdown of the pension system. better to pay off in devalued dollars than not at all.
It is all a ponzi, kick the can down the road. At some point it will all come crashing down. However it ends we will all be poorer ...
schu
Yeah I have every confidence Moonbeam can pull that off.
Wait.. I know!!!
Kick out some more businesses, give free college to illegals and raise taxes!! That’ll fix it!
CA and Nevada for that matter aren’t going to make it to 2012 in any recognizable form.
Wish I could care, but I can’t.
Any conservatives in CA, move while you still can. TX, FL, or even OH and PA are going to be OK after Tuesday.
To the libs in CA and NV: You’ve made your beds. It’s time to lay in the filth you’ve created. Scumbags.
So the union thugs in California and Nevada believe that "tax and spend" Democrats will continue to bring in the bacon. I guess that the union folks and Democrats both have little understanding of basic Economics 101, supply and demand.
I suppose that the Dems can get money by raising taxes, from other states, the Federal government, and other countries to bail them out over and over again. Good luck to them and all those with disordered minds!
When Prop 13 is jettisoned, liberal property owners can KMA.
I don’t want to hear your whining!
“To accomplish that balancing act, Brown will have to convince state workers that he can tell them “no” and still be their champ.”
LOL! Jerry is OWNED by the state employee unions he created.