I love it, not one of you addressed my main point which is that the poor of
our state will suffer deep social services cuts along with 10 percent cut in
take-home pay for some state employees. How do any of you rationalize
taking from these people to pay for HSR?
I agree with all the benefits of having HSR, but you have to pay for it and
the ONLY way California can do that right now is to take from others who
receive state social services.
Northbay, I guess if bnk says something it must be true right? I actually
heard that term several years ago who knows where… thanks for setting
me straight.
Also, Snfenoc nailed it with Keynesian notion. Did anyone see Californians
finances that I posted above? If not here you go again. Our current debt is
about equal to what it would cost to build HSR… that’s only if it doubles in
cost and not higher like many have projected because major infrastructure
projects never come in as projected. Chances are the Chinese would be the
ones who both finance, build and run California HSR because those are the
terms they would be willing to loan CA the money to build it… read about it
here. They would run the whole project from beginning to end, it that what
you guys want? Remember, they are the ONLY ones willing to bankroll this project.
Quote:
Originally Posted by innov8
According to the California Debt and Investment Advisory Commission
(CDIAC), California had total state and local debt of just under $81 billion
dollars as of November 30th, 2009.
Of this debt, $61.2 billion was long-term debt, while $19.7 billion was in the
form of short-term debt.
California's decline in their credit rating over the past 20-25 years is quite
remarkable too, and should be a clear indicator of the mess that the state
currently finds itself in...there is no state that has a WORSE credit rating
than California.
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No wburg, you mean barrow and spend our way out of a recession right?
It’s not like all these monies are just sitting around… you’re talking about barrowing
future tax money that has not yet been collected adding additional billions
to the $81 billion the state already owes.