CA will not go BK. See post 116 for why.
The net worth of Silicon valley companies alone is probably over 1 trillion dollars. The farming is valuable, and the shale oil is very valuable.
Wanna bet?
And the Shale oil will NOT be explored. Are you kidding me...Not going to happen.
I lived in SoCal....born and raised there.
The state is doomed....and the next "immigration bill" will finish the state.
Enjoy it while you can...........
Detroit is CA future....because it's run by Democrat Socialist Marxist's...........They ruin everything they touch!
But deep down, you know the Democrats can do it.
“The farming is valuable, and the shale oil is very valuable.”
CA will eventually go BK, it is a foregone conclusion. you point out these once valued industries, however the liberals are doing there damned best to destroy them. They have been causing water shortages for farmers for a few years now and are also about to tax the crap out of the oil porduced in CA.
Both will be devestating and will speed up the coming BK.