California Goes Bankrupt
Eventually, the bill comes due.
Remember, I do this to entertain me, not you.
Uncle Pays the Bills
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September 5th, 2012 at 11:01 am
Heard through the Grapevine that each State will be required to help “Bail Out” Kalifornia. So, when can we expect your check, Unc?
September 5th, 2012 at 11:28 am
Location, location, location. Cheese; some peeps like the crunchy pockets of blue, some favor the runny Camembert. Old-money vs. New Money and pop-goes-the-weasel-bubble. There are hard-pockets of real wealth and even old-school Patronage here in California that resist the cave-in. Stockton is a notorious example of hyper-suburban grown in an unsustainable, distant cornfield – pure ethanol fueled by the sub-prime mortgage bubble, the city grew outside itself on quicksand – and became know as the crack-head capital of the Central Valley where pot-farmers bought whole houses in bunches and converted them to grow-operations. The new residents didn’t even know their own city, but traveled outside as much as 2-hours each way to work elsewhere.
Nobody had a stake in their own equity or growth, it was just a Central Valley people-farm, and the City itself only has an established basis with “real” equity-capital in the heavy-industry downtown area, where the work is hard, low-paying, blue collar work unloading cargo ships – un-glamorous and non-techy.
Googlopolis is in very good shape financially, bolstered by investments in/from technology that still bubble up in Silicon Valley, floating on/under the University bubble that feeds Stanford and the research centers. That could go but the Stan-Fu endowment and investments haven’t been butchered the way Haavaad has handled theirs.
September 5th, 2012 at 12:51 pm
No surprise. The state’s been morally bankrupt for 40+ years.
September 5th, 2012 at 1:18 pm
So Kalifornia has gone bankrupt, eh?
Fine with me. The sooner it implodes, the better off the rest of the planet will be.
September 5th, 2012 at 3:07 pm
I Gotta Get Out Of This State!!!!
September 5th, 2012 at 3:08 pm
Maybe I Can Get A Loan To Make That Happen!!!
September 5th, 2012 at 4:01 pm
The problem here is that the more fiscally responsible states will be forced to bail them out. I am thinking it would have been better to just vote for more spending. If I have to pay the price, it would have been nice to reap the benefits.
September 5th, 2012 at 4:31 pm
“But, we’re the world’s ninth-largest economy, right behind Italy!”
“That’s right. You’re right behind…Italy.”
September 5th, 2012 at 4:53 pm
“Eventually, the bill comes due.”
The hell ya say!
September 5th, 2012 at 5:13 pm
And still, they go on planning high-speed rail…
September 5th, 2012 at 7:53 pm
Actually we just need to sub-divide the state logically into it’s natural geographical units – and let LA go be it’s own little leftist Monarchy.
The Central Valley still provides over half the fruits and vegetables consumed in the U.S. with $26 Billion in annual sales, and the Salinas Valley alone contributes much of the lettuce and strawberries.
September 6th, 2012 at 3:54 pm
Ellen; Yup– if they can just build enough light rail, their economy will boom, boom, BOOM! That’s what they’ve convinced one another Pretty pathetic, Huh? They actually do believe such nonsense.
September 6th, 2012 at 10:00 pm
No heavy rail?
September 7th, 2012 at 12:36 pm
Jerry:
Nope, that gets closed down and removed.