With California debts, it likely will follow the same route.

1) Tax the resident by forfeiting the proposition 13
2) FED government bail out.

Not good picture either.

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print their way out of trouble. :):) -天下无马- 给 天下无马 发送悄悄话 天下无马 的博客首页 (96 bytes) () 05/07/2010 postreply 08:45:12

Ha... we will wait to see. :):) -天下无马- 给 天下无马 发送悄悄话 天下无马 的博客首页 (101 bytes) () 05/07/2010 postreply 08:53:10

回复:With California debts, it likely will follow the same route. -blocked- 给 blocked 发送悄悄话 (582 bytes) () 05/07/2010 postreply 08:40:25

回复:With California debts, it likely will follow the same route. -越王剑- 给 越王剑 发送悄悄话 (342 bytes) () 05/07/2010 postreply 08:49:42

:) people think devaluation of the currency is the panacea -天下无马- 给 天下无马 发送悄悄话 天下无马 的博客首页 (123 bytes) () 05/07/2010 postreply 08:57:57

回复::) people think devaluation of the currency is the panacea -越王剑- 给 越王剑 发送悄悄话 (328 bytes) () 05/07/2010 postreply 09:08:02

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