[Robert357]

You could be right that $6 billion is all Wall Street would go for. I think that there is another questions

Controller Connell estimates that this RAW will be between $10 and $11 billion, and may be repaid during the latter half of fiscal year 2002-03.

Let's see, there is a growing deficit of from $20 to 22 billion, but they need to pay off $6 billion in warrants as well so they can make it through the fiscal year. So that makes a total of ........$26 to 28 billion. Did I do the math right or does the $20 to 22 billion inlcude the warrants?

[Ernest_at_the_Beach]

26 to 28 Billion? --

How are the Democrats going to escape their fate of being the responsible party for the debt?

I know -- lie like HE double L.,

[snopercod]

The article speaks of a "$20 billion shortfall", but the numbers in Connell's press release are much smaller. I think that the difference is the $13 billion that the State loaned the DWR to buy electricity.

• $5.7 to pay off the RAN from last year
• $0.843 defecit for fiscal 2001
• $4.6 defecit for fiscal 2002
• $13 billion for electricity purchases
• TOTAL: $23.443 billion

So a bond of $6.4 plus a RAW of $11 billion won't be nearly enough. Yup, you did the numbers right.