The muni bankruptcy dominos continue to fall. Stockton, Mammoth, San Bernardino...and now Compton.
How can the formerly-known-as 'Golden State' be such a financial mess with penetrating thinkers like Maxine Waters, Nancy Pelosi, and Gov Jerry "moonbeam" Brown (plus uncountable others) available to them?
- Don't get me started on the flaming incompetence of CalPers right now (yeah, they're in deep kimchee too, just not as bad as their current and future retirees are gonna be).
Unsurprisingly California ranks dead last on S&P's credit ratings of States for the past decade.
- Could it be that Democratic (C) politicians have absolutely NO CLUE how economies actually work?
Click to enlarge
Wednesday, 18 July 2012
California is dead last.............from Rico
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