What happens when California declares bankruptcy?
Question by Jack: What happens when California declares bankruptcy?
We all know California has 30-40 days left before it declares bankruptcy. It makes up a larger percentage of GDP to the United States then Greece does to the EU.
Liberals: Do you realize your currency is about to be worth nothing?
Or does spending 60% more then the United States earns in tax revenue on no roads and no jobs that produce anything always seem like a good idea?
Best answer:
Answer by 
Hahaha americans. Say bye bye to Kalifornia. Your country is falling apart! Muahahaha.
Know better? Leave your own answer in the comments!
Lighten up, Francis. Our currency is fine. In fact, it’s gained strength against others the past couple of months. CA will make it also.
The Republicans voted NO on the stimulus bill……….
Stimulus bad bad bad bad…….
Also…….
STIMULUS GOOD!
(R-FL) John Mica – This will “help improve one of our key economic generators.”
(R-VA) Frank Wolf – “We could use that money desperately…There are a lot of things up here that that money could be used for.”
(R-TX) Kay Bailey Hutchinson – “This funding will spur growth in Texas communities.”
(R-OH) John Boehner – This will create “shovel-ready projects that will create much-needed jobs.”
(R-MO) Kit Bond – These funds will “create jobs and ultimately spur economic opportunities.”
(R-NC) Richard Burr “This is a great thing for this county. – We’re not accustomed to federal dollars in that magnitude finding their way to North Carolina.”
(R-UT) Bob Boennett – “I believe the addition of federal funds to these projects would maximize the stimulative effect of these projects on the local economy.”
(R-OH) Pat Tiberi – “I understand that the project could support businesses and jobs in communities across the country.”
(R-GA) John Linder – “The employment opportunities created by this program will be quickly utilized.”
(R-CA) Mary Bono Mack – “This funding will provide much-needed assistance to local residents who are at risk of losing their homes or experiencing homelessness.”
(R-NE) Mike Johanns – “The proposed project would create 38 new jobs and bring broadband to eight hospitals, five colleges, 16 libraries and 161 K-12 schools.”
(R-TN) Lamar Alexander – Highlighted a project that would create at least 200 jobs in the first year, and another 40 jobs in the following years.
(R-OK) – Jim Inhofe – This will “help spur additional economic growth.”
(R-GA) Jack Kingston – “These funds should help save or create local jobs.”
(R-TX) John Carter – This is a “victory for the economy in central Texas.”
(R-PA) Glenn Thompson – This will be “great for employment in the area.”
(R-SC) Joe Wilson – Stated that these funds will provide jobs and investment in one of the poorer sections of his district.
(R-PA) Bill Shuster – Appeared an event sponsoring a stimulus-funded Sewage Treatment Plant, and made a speech praising the jobs that it created.
(R-DE) Mike Castle – Sent out press releases touting how imperative those funds were.
Illinois is next
What are you talking about the Governer of California is a Republican.
It was a Republican Governer who ran California’s economy into the ground.
The Second Gold Rush?
Except this time, land is gold.
My family is bailing out of the state, where they have resided since the late 1950′s.
Even my native younger relatives.
Can’t afford, or don’t want to pay the taxes
When? they are already paying their state workers with IOU’s. I vote they get off their hindends, gather up the illegals and deport their butts. They can’t afford to pay for illegals healthcare (are you hearing this AMERCIA) or their education. That would take a serious load off of them
They will just bail out California with money they don’t have. Liberals don’t care if the dollar becomes worthless. Why else would they just keep printing more and more money while incurring more and more debt.
This place already looks like a third world banana republic. Rumor has it that the former rulers are going to be jailed and then executed by the new ones.
Just the beginning jack, you might as well get used to it.
I think other states will have to follow, just a matter of time. I also think they will be predominantly Democrat states.
Youll be back
Hollywood will make a movie about it but then nobody will be able to afford to go and watch it.
-Have you noticed that “Hollywood stars” aren’t as flashy and spending hundreds of thousands of dollars like they were? I imagine they are getting hit too and having to cut back on their lifestyles. I doubt they are smart enough to regret their endorsements for the Spender in Thief though.
Unfortunately: if the state slides into the ocean, the results would be about the same. 33 million people,s lives destroyed…not by earthquake, but by corrupt Democrats spending like drunken sailors for 30 years!…and no one able to stop them…not even the Terminator…
…maybe he needs to reprise his roll and start terminating the Progressives that helped turn it into Mexifornia.
Arnold’s idea for State revenue was to further tax the casino/gaming industry. This of course led to more broken families … bankcrupcy … rehab etc.
California has the 3rd largest prison system in the world … only the US and China is larger. Somewhere in that miniscule albeit walnut sized brain of his there should be an alarm sounding that the “tough on crime” stance is not working. The mass majority of inmates are drug related charges and that further indicates the problems that occur when gov tries to dictate morality.
When I lived in California I wrote 3 letters to the governor expressing my concerns in a respectable fashion. He never wrote back. He is incompetant and the California residents are getting what they deserve.