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Concept Wizard,
Jul 02 15:17 pm
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All Comments by MMMPARSLEY1 »No Bailout for the Governator: California's 'Fiscal Emergency' [View article]
California could put 128 billion in the bank if that was how much they were cash flowing each year.
Problem is that they have expenses; teachers to pay, police to pay, health care costs, government programs, state welfare, debt to service etc.
No business or state banks all its revenue. I think this goes without saying.