See that good looking dude on the left? He's got FAR BETTER THINGS to do than conduct Freepathons! Come on, let's get this thing over with.
Posted on 07/12/2003 9:09:56 AM PDT by NormsRevenge
Edited on 04/12/2004 5:52:32 PM PDT by Jim Robinson. [history]
With California set to run out of cash by September, the state is finding it increasingly difficult to borrow its way out of trouble.
Lenders are rattled by California's $38.2 billion budget deficit and the prospect that the all-but-certain recall election against Gov. Gray Davis will only prolong the stalemate. Wall Street warned recently that it might downgrade the state's credit rating, which would trigger higher borrowing costs. Meanwhile, some big investment firms that usually purchase state government bonds have stopped buying.
(Excerpt) Read more at sacbee.com ...
See that good looking dude on the left? He's got FAR BETTER THINGS to do than conduct Freepathons! Come on, let's get this thing over with.
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