devassocx

California Bonds Downgraded Again

Mr. Rafat...additionally, you refer to illegal aliens as undocumented workers.
That may be the political correct term but the actual term is
ILLEGAL ALIEN. Further, not all of them work, so your terminology
is beyond bogus!

California Bonds Downgraded Again

Mr. Rafat...you might disagree but I think if you inspect the numbers
available from multiple sources you cannot come to any conclusion
other that illegal aliens are costing Calfiornia a bundle. Additionally, they
export billions of $ back to Mexico where it represents the #2 source of
revenue behind oil for Mexico.

If your basing the soundness of our entitlement programs on an ever expanding
population when does that end? When we are standing shoulder to shoulder
with people throughout the state? What sort of lifestyle do you think that
will bring?

That is a fool's game and will only end very badly with poverty for all.

If you don't believe that, I refer you to China or India for living examples.

California Bonds Downgraded Again

someone here wrote that the problem in part is prop 13. Just not true.

The problem is state overspending and as someone else wrote, brain dead
voters who consistently have approved stupid massive bonds and bizarre
rules and regulations and oh yes, a huge illegal immigrant population
that are takers and not givers.

The state needs to go insolvent and reorg...that is the only answer. Taxes
and fees are already at choking levels...there will never be enough revenue
to satisfy the liberal bent of those in charge.

Hint: don't buy any hi yield California bonds...the risk isn't worth it. If you
already have some, sell them asap.