- Joined
- Jan 13, 2015
- Messages
- 15,544
- Reaction score
- 3,801
- Points
- 113
The most leveraged state of them all, California is drowning in debt. The typical person in the state earns $28,068 a year on average and owes $65,740. With house prices expensive, mortgage debt is the main culprit, but credit card debt is high in the state too – California has the third-highest credit card debt in the country.
They pay to support illegal immigration, and remain a magnet for natural disasters
The state is 400 billion in debt. Pensions and bonds are a mess
When things get bad, people vote Democratic for safety nets, the trouble is the Democratic leadership in the state the reason for the problems.
http://www.sfchronicle.com/politics...400-billion-debt-worries-analysts-6812264.php
They pay to support illegal immigration, and remain a magnet for natural disasters
The state is 400 billion in debt. Pensions and bonds are a mess
When things get bad, people vote Democratic for safety nets, the trouble is the Democratic leadership in the state the reason for the problems.
http://www.sfchronicle.com/politics...400-billion-debt-worries-analysts-6812264.php