Posted on 03/09/2010 8:38:06 AM PST by Willie Green
What about Greece?
California passed a gas tax last week to help make up for its nearly $20 billion budget gap, the latest in a series of measures to right the state's teetering economy. The country of Greece is in even worse shape, with accumulated debt higher than 110 percent of GDP, set to reach 125 percent this year. Can a state declare bankruptcy? Can a country?
(Excerpt) Read more at slate.com ...
Can we sell CA to Mexico?
You mean we haven’t?
While Mexico may have occupied the southern half of the state we haven't received any payment for it. Mexico has significant oil...I suggest we sell off CA and use the money to pay down the national debt.
It looks like we let them take it.
A new TAX to “right the state’s teetering economy.” You can tell this is a SLATE article!!!
Can we throw in Boxer and Pelosi?
That would make it a deal buster.
Absolutely...they can take up their equivalent positions in the Mexican government.
I would actually offer it to Mexico right now and watch how vigously they refuse. That will at least shut-up the LaRaza crowd.
Sell it to China. China has the money and their political leanings are similar.
But don’t offer any warranties ... the Big One could happen any day.
Of course no warranties...it's an "as is" sale. No tag backs.
Sure they can go bankrupt, which means all of their issued debt is worthless, and all their assets are up for dibs by the debt holders. This is how it is supposed to work. But remember bammylot would just socialize the state and give ownership to the SEIU. Remember GM and Chrysler?
Can we sell CA to Mexico?
Why would they buy something they already get for free?
“offer it to Mexico right now and watch how vigously they refuse”
Exactly. Once a host dies or is no longer providing the sustenance required by its parasites, the parasites `jump ship’ and try to find another host, probably Arizona and Nevada.
Check out the info on link, below:
http://www.realclearmarkets.com/articles/2009/02/should_we_let_california_go_ba.html
It sounds like creditors cannot even go after a state’s assets.
Gas Tax:..........”When you see an increase in taxes (other than a soak the rich tax) you know the politicians are desperate. The more visable the tax (ie: cigarette tax, gas tax) the more desperate they are for money. When they dip into the pockets of the low-income groups through taxes on food, gasoline, and medicines,....the end is nearing.”
Source..The Coming Economic Earthquake - Burkett
“The government does not invest...it consumes.”
You mean we haven’t?
We did, but Mexico already moved in, but we have not gotten paid yet.
A certain island of sanity in that state (think Fresno) should be retained. :-)
...and maybe we can keep some parts of Bakersfield owned by the estate of Buck Owens, too.
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