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Comments made by dom

Political Analysis: Proposed California Budget Reform

No other comments. I guess "apathy" is at the heart of your problems. You don't really believe that Titanic is sinking fast.

July 8, 2009 at 10:27 a.m. ( | suggest removal )

Political Analysis: Proposed California Budget Reform

I find it curious that you describe CA as an economy, and not a state. You have an economy, as all states do. Yours is just in a terrible mess and you want the rest of the states to "bail" not the economy out, but the state.
I have read that you are afraid of losing your credit rating, which would make it harder for you to borrow more that you can fall further into debt and divert more essential funds to paying debtors instead of putting it towards living. Why not just declare bancruptcy and stop the borrowing altogether? Start over. By cutting out all of the debt payments owed to bond holders and lenders, you could afford to breathe.
It would mean that you would not be able to borrow in the future. But is paying for something with cash that you actually have such a bad outcome? Think about it.
You need a new jail and instead of issuing bonds, you reach into the bank and pull out the money instead of an IOU.

July 8, 2009 at 9:53 a.m. ( | suggest removal )