... I also believe that they have a junk bond rating, so that when they do borrow money, they borrow it at a very high interest rate. Their illegal immigrants cost them an ungodly amount of money each year, yet they continue to keep their doors open and now they are taking in immigrants from wherever. I, as an investor, would never consider buying any of their bonds. I am surprised that any of the big banks continue to loan them any money.
The amount of disinformation circulated sometimes astounds me.
CA bond ratings (full chart with 39 states rated:
https://www.treasurer.ca.gov/ratings/current.asp:
As was pointed out recently on Quora.com, you really do not want ANY children, but especially the poor (whether citizens or not) who traditionally live in crowded conditions, to go
unvaccinated. There have already been incidents in the U.S. of measles, chicken pox and pertussis reappearing in greater numbers due to the anti-vaxx movement.
CA budget - as an update, 2017/18 surplus came in at almost
$9 billion:
Jerry Brown’s Legacy: A $6.1 Billion Budget Surplus in California
WS Journal June 10, 2018
(subscriber only:
https://www.wsj.com/articles/jerry-...llion-budget-surplus-in-california-1515624022)
(excerpt)
LOS ANGELES—California Gov. Jerry Brown appears poised to exit office next year with a top political priority in hand: free from the massive budget deficits that had weighed on his predecessors.
Buoyed by tax increases passed under his administration and a strong economy, Mr. Brown said Wednesday that the state is projecting a $6.1 billion surplus for the next fiscal year, which begins July 1.
The governor proposed socking most of the money away in a rainy-day fund whose creation he pushed for in 2014. Nearly 70% of the state’s projected revenue of about $135 billion next fiscal year is derived from personal income taxes, according to the governor’s office.
The state’s fiscal health is especially crucial as it faces myriad challenges: record natural disasters, housing shortages and changes to federal tax regulation—all while it ramps up opposition to the Trump administration on several major policy fronts.
As is his custom, the governor warned of an inevitable economic slowdown. “California has faced 10 recessions since World War II, and we must prepare for the 11th,” he said. “Let’s not blow it now.”
