May 19, 2009
– Comments (3) |
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This is a forward of an article found on the Cato Institute. Read, enjoy, become motivated.
California needs serious fiscal reform. Prop 1A is not it.
Looks like it's going down. Phew.
I have shorted a few California municipal closed end funds. I'll give a few more details of my reasoning tomorrow.
Isn't it the Gann Limits' mandating of tax refunds for any excess in tax collections, what prevents the California budget from using excess funds to pay down debt early?
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