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catoismymotor (41.19)

"California needs serious fiscal reform. Prop 1A is not it."

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May 19, 2009 – Comments (3) | RELATED TICKERS: MOO , FEEDQ , CAKE

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.

 

3 Comments – Post Your Own

#1) On May 20, 2009 at 12:18 AM, rjohnson10 (50.97) wrote:

Looks like it's going down.  Phew.

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#2) On May 20, 2009 at 1:23 AM, motleyanimal (88.74) wrote:

I have shorted a few California municipal closed end funds. I'll give a few more details of my reasoning tomorrow.

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#3) On May 20, 2009 at 7:48 AM, devoish (98.59) wrote:

Interesting article.

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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