Just like Brown in CA. WE should not be asked to bail broke CA out. Their path of debt has been purposeful.
California high-speed rail gets green light ......"The move marked major political victories for Democratic Gov. Jerry Brown and the Obama administration. Both have promoted bullet trains as job generators and clean transportation alternatives."....
It’s exactly like people going in and out of your house, robbing you blind and not being able to do anything about it. Meanwhile, our fellow citizens are mostly blind.
Politicians do not create jobs. All they do is rob from the productive to create the appearance of economic activity. The question remains, what might have been done with those resources if they had not been stolen by demagogues.
All Americans better begin to understand how completely they have been gamed.
I’m wondering what sort of interest rate investors are going to need to invest in those bonds?