Posted on 08/14/2012 1:28:02 AM PDT by Cincinatus' Wife
Bump!
I think you’re right. The visuals and the statistics will be devastating. Just bringing this up changes the dialogue. I think the GOP has a real chance to crack the Dem hold on blacks and minorities.
I live in California and I am grateful that Sarah is telling the hard truth to the people here. Shame on the people who elected the crooks and Dems here.
Hit them where it hurts Sarah!! Keep it coming until they cry like little girls with an owie!
Thankfully the GOP, for once, will not waste money trying to win California.
Yep. They should go out there and milk it for campaign fundraising, but don't spend any there. Like NY, it's a lost cause. The only way Obama would lose CA is if he announced he's had an epiphany and become a Tea Partier.
Nope. When California looks in the mirror, she sees Lolo Jones. To the rest of us, she's Barbra Streisand... without makeup.
California has somewhere around $650 Billion of debt.
Greece has somewhere around $550 Billion of total debt.
It appears Greece is doing an incrementally better job of managing its finances.
Until you consider the respective size of the overall economies. California's debt is about 30% of their GDP. Greece's is almost 200% of GDP.
Ahhhhh... well that explains some of it!
LLS
They say this like it’s not a honest assessment of how broken California has become.
Until you consider total debt. The $550 Billion for Greece is the total National Debt of Greece. To compare this number “apples to apples” with California's debt, you have to come up with a “national” number for California. Allocating US National Debt by population to California would add about $1.5 Trillion to California's number of $550 Billion for a total of $2,050 Billion. This is over 100% of California's SDP (State Domestic Product). This also does not include California's share of the total US national unfunded liabilities.
So I guess you could say California's debt problem is not as bad a Greece when comparing total national debt to GDP/SDP type metrics. However, you could also say California's total debt load is 3X to 4X that of Greece in terms of real dollars. California is also currently running the largest budget deficit of all the states in the US, projected to be somewhere between $20 Billion and $30 Billion in 2012.
..McCain lost by 24 points—this is just a fundraiser. CA will never go GOP again...
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