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| Economy |
| Could California Really Default? |
| 2010-01-27 |
| Posted by:GolfBravoUSMC |
| #10 Sarge, on the unlikely chance that actually happens, make sure you've got all your shots first! |
| Posted by: Barbara Skolaut 2010-01-27 22:22 |
| #9 lotp, I will french kiss Nancy Pelosi at high noon in front of the capital if the legislature ever repeals a tax. |
| Posted by: Cyber Sarge 2010-01-27 15:34 |
| #8 California would be worthless from a business man's perspective if put on an auction block, thanks to liberals. |
| Posted by: Boss Snomotle8280 2010-01-27 14:18 |
| #7 Romor has it that a major oil refinery there may close, at least in part because an upgrade - though cleaner and more efficient than the current operation - would still not satisfy the NIMBYs. Not price competitive in existing configuration & not capital competitive to meet Green demands, so close it and sell the equipment to China and buy refined product from overseas. |
| Posted by: Glenmore 2010-01-27 11:11 |
| #6 They only answer they have for the budget shortfall is to raise taxes, they seem to forget that the sure way to avoid massive taxes is to move out of the state. They could also roll back the highly punitive and counterproductive regulations that make it unprofitable to do business there and employ people who in turn could thereby afford to buy houses and pay taxes. It would be nice if they did that. Mr. Lotp's boyhood home is there, currently rented out to a stable and quiet-lifestyled couple, and he hopes we can retire there in 12 years or so. And we both hope there is still value in that house to pass along to Ms. Lotp when we no longer have occasion to use such things. |
| Posted by: lotp 2010-01-27 09:49 |
| #5 State workers in Georgia are facing increased non-paid furloughs this year. Pick your relo state carefully. |
| Posted by: Besoeker 2010-01-27 08:56 |
| #4 As someone who works for the stat I really hope that doesn't happen, but unless the legislature takes some real steps to CUT spending I dont see how they can make it through next year. They only answer they have for the budget shortfall is to raise taxes, they seem to forget that the sure way to avoid massive taxes is to move out of the state. |
| Posted by: Cyber Sarge 2010-01-27 08:51 |
| #3 Bloomberg article today said it cost more to insure US federal government debt than that of 8 leading US companies. Ie the markets think the US government is more likely to default on its debts. |
| Posted by: phil_b 2010-01-27 07:17 |
| #2 Anyone else feel that the economy fell and is now grasping at the crumbling edge and it will only take a push to put it back in free fall? I think states starting to default will do that. |
| Posted by: DarthVader 2010-01-27 07:05 |
| #1 Could the Sun rise tomorrow? |
| Posted by: g(r)omgoru 2010-01-27 04:59 |