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Umm, yeah, guess what, every state carries debt. The value of that debt and the ability to repay that debt is what matters. Just like nearly every homeowner has a mortgage that is many times their annual income. The mortgage isn't indicative of financial health. Often times the assets that are mortgaged can be a great investment. California easily makes its' debt repayments. The fact that California has become fiscally healthy really chaps some people's hides. I really don't know why. Still, not a very good attempted pivot. Care to address the numbers in a substantive way? Not seeing too many takers on talking facts over Strawmen like potholes.
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