Posted on 05/19/2011 12:46:59 PM PDT by SmithL
Standard & Poor's said Thursday that California sits at an "important crossroad" for its credit rating depending on how it deals with its structural deficit problems in the coming weeks.
California has never defaulted on general obligation bond repayment, but the state's A- rating already ranks lowest in the nation in the wake of annual budget woes.
(Excerpt) Read more at blogs.sacbee.com ...
Cue mariachi music.
hard times ahead for Kalifornia. That means their illegals will probably be migrating east.
What does it take to bet a B or C?
I know, I know the highest ratings are triple-A. I know, I know the letters chosen are somewhat arbitrary. But still, why can't they call a turd a turd without trying to polish it?
taxtherich taxtherich taxtherich taxtherich taxtherich /s.
itsforthechildren itsforthechildren itsforthechildren /s
nohumanisillegal nohumanisillegal nohumanisillegal /s
teachersareunderpaid teacheresareunderpaid teachersareunderpaid. /s
Here we go!
A-
That is what junk rates these days?
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