[Carry_Okie]

We're some $two-billion-plus in the hole as it is, why would we want to borrow more money? Even better, who on Earth would be stupid enough to loan money to San Diego now...

Good thought. Allow me to transfer it for your continuing edificaton:

We're some $twenty-two-billion-plus in the hole as it is, why would we want to borrow more money? Even better, who on Earth would be stupid enough to loan money to San Diego California now...

[calcowgirl]

Good comparison, C.O. Folks should be just at outraged at the State's current borrow and spend mentality and the additional borrowing being proposed as part of Prop 76.

CA: 'Borrow and spend' state's answer to budget (earns them lowest bond rating in U.S.)
San Francisco Chronicle ^ | October 23, 2005 | Tom Abate
Posted on 10/23/2005 8:11:31 PM PDT by calcowgirl

(snip)

• "Five years ago, California had about $26 billion of tax-supported debt," ... "Today, it's about $54 billion."

• As Standard & Poor's noted in January, "through 2005, nearly $30 billion of debt will have been issued to help cover state operating expenditures."