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"paper water." oh dayam. ya know... nevermind. See on the horizon.

Assembly Budget Committee Chairwoman Noreen Evans, D-Santa Rosa, said the state should seek a federal guarantee for its bond debt. That would mean the federal government would ensure people who buy the state's bonds that it would repay them in the event California could not. That idea was dismissed last year by leaders in Washington. Spending that money, which already has been approved by voters, could create "thousands and thousands of jobs, and it would do it now," she said.

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Diversity is the key to economic and political evolution.
by Cat on Mon Jan 4th, 2010 at 12:08:01 PM EST
[ Parent ]
The Federal Government should demand an equity stake in the State of California in exchange for the guarantee... :P

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Mon Jan 4th, 2010 at 12:10:27 PM EST
[ Parent ]

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