1 Jul 2022 6:20 pm
GHETTOBLASTER » 01 Jul 2022, 6:09 pm » wrote: ↑ HERE...I READ THE ARTICLE FOR YOU....
A conservative estimate of California’s total debt by the California Policy Center in a 2017 study – before new tax and bond obligations recently voted in were factored – puts California’s total local and state debt at $1.3 trillion. The Stanford University Pension Institute (www.pensiontracker.org) in 2017 calculated California’s unfunded liability at $1.4 trillion and CalPERS also with an unfunded liability of $1.4 trillion, with CalSTRS billions underwater as well to give, “real state debt of $2.8 trillion.”
Yeah I admitted local and County Debt all added together may be in the Trillion, Banks are willing to give these Municipalities loans, what is the Problem?
I have tons of Money and I use credit cards all the time, I have to send them a payment.
You are saying the loans to Municipalities is part of Califs debt, it is not. Calif is a good credit risk,
Trump is not a good credit Risk.