Comments on: CA’s Bond Rating Equals F-Minus Grade https://calwatchdog.com/2011/04/21/cas-bond-rating-equals-f-minus-grade/ Mon, 11 Jun 2012 20:24:30 +0000 hourly 1 By: Is Perestroika Coming In California? - Forbes https://calwatchdog.com/2011/04/21/cas-bond-rating-equals-f-minus-grade/#comment-4732 Mon, 11 Jun 2012 20:24:30 +0000 http://www.calwatchdog.com/?p=16521#comment-4732 […] workers. This is reflected in the sad reality that the state consistently competes with Illinois for the worst bond rating in the country. Most recently, the state upped its deficit estimate to $16 billion from a $9.2 […]

]]> By: C. Jeffery Small https://calwatchdog.com/2011/04/21/cas-bond-rating-equals-f-minus-grade/#comment-4731 Fri, 22 Apr 2011 17:23:18 +0000 http://www.calwatchdog.com/?p=16521#comment-4731 In your chart, the rating for Illinois should clearly be “A+” not “AA+”. Just a typo I’m sure. Regards.

]]> By: David from Oceanside https://calwatchdog.com/2011/04/21/cas-bond-rating-equals-f-minus-grade/#comment-4730 Thu, 21 Apr 2011 19:11:39 +0000 http://www.calwatchdog.com/?p=16521#comment-4730 Since 1865 when all state sovereignty was officially usurped by the Federal Government, the Feds have done a horrible job managing the puppet state governments. Do you suppose the Feds were even aware when California state politicians sold the state to the unions? If the Feds were also not so bent over by the unions they might object to a third party selling their property.

Now that the unions have destroyed the state credit rating, The Feds must return to the state plantations for some long neglected capital improvements. How can the citizens of the California Plantation be expected to contribute their fair share of Federal Largess as their capital structures crumble.

The Feds are in luck however, as their exists an endless supply of fiat currency at the Federal Reserve.

]]> By: Marincountyman https://calwatchdog.com/2011/04/21/cas-bond-rating-equals-f-minus-grade/#comment-4729 Thu, 21 Apr 2011 16:56:17 +0000 http://www.calwatchdog.com/?p=16521#comment-4729 More taxes or more unfunded debt: this is generational theft..pure and simple. This is not just a moral crisis of the first order, this is the moral crisis of our age. We are collectively endangering our children’s economic futures without giving them the slightest say in the matter. We are doing this systematically and with malice aforethought. Worst of all, we are pretending not to notice.”

]]> By: Rex ther Wonder Dog! https://calwatchdog.com/2011/04/21/cas-bond-rating-equals-f-minus-grade/#comment-4728 Thu, 21 Apr 2011 16:14:33 +0000 http://www.calwatchdog.com/?p=16521#comment-4728 Lockyer says California isn’t broke and has never defaulted on its bonds
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That is exactly what GM and bernie Madoff were both saying right up until 2007.

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