Would it be a good idea if the State of Ca (my home state) default on its bonds in order to save the State?
Ok, first off I don’t know if this is a Conservative or a Liberal idea, but I did vote for McCain and Palin and think that they would make a better team to lead the country then Obama and Biden. Many in my family and I have to include my inlaws and YES!! even my own husband (he’s still the love of my life) think that sometimes my cognitive processes (thinking to those of you who haven’t mastered "BIG" words lol is on the eccentric side. For example, I thought (and still believe this idea) that when California was having the wildfires it should have let them burn out on their own and simply rescue any people in the way of the fires. People then should have been relocated out of California to live in such safer environments as Kansas (where there are few fires) etc. Anyway this is Rebecca thinking out of the box again. The government should simply print up a lot of money and use it to pay off all the bonds. After this, California would have plenty of money left to balance its budget and pay for schools, roads, and maybe even cut taxes. If the Federal Government refuses to print extra money to pay off the bonds (after all the money is only paper lol lol) then an alternative would be to simply default on the bonds issued by California and declare bankruptcy. So what do all of you think? Oh, in the interest of full disclosure, my mind is searching for something to keep busy since I said goodbye to my favorite man on Wednesday and he’s on his way back to Iraq after spending a wonderful two and half weeks at home on Leave. I think he left me with a little bundle of joy that just started growing inside of me and will eventually be an addition to our growing family.
Congratulations on your little bundle of joy to be!
Good hope to your man in Iraq, sorry he couldn’t be home for Christmas but you do have your gift.
I voted like you did, and watched with curiousity to see if anyone is still checking Obama’s Birth Certificate in case he is not a legitimate Naturalized Citizen.
I think the real problem in California is with Prop 13 and grandfathered low property taxes for people that keep holding onto old property. It amounts to age based discrimination, where the elderly that bought houses some time ago pay low taxes based on the property value at the time they bought it. Nice deal for them, but not such a good deal for the state if we are short on money.
Anyway, the problem is simple… just like for you and me, what they gotta do is increase income (taxes) and/or reduce spending and attempt to live on a balanced budget instead of running up credit balances they can’t afford. If it won’t work for you, why would you recommend that the state do something that will ruin their credit rating?
December 10th, 2009 at 2:28 amFirst find out where all of the lottery money goes.
December 10th, 2009 at 2:28 amIn California too. Very bad idea to print more and more money. Inflation. Remember Germany in the 30s. You had to use a wheelbarrow to go buy a loaf of bread, because there was so much money around. And defaulting on the loans would make it that much harder to borrow in the future.
December 10th, 2009 at 2:28 am