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2026-01-31 23:19:11 UTC

Dan on Nostr: It is just a matter of time before California is bankrupt. Their general obligation ...

It is just a matter of time before California is bankrupt. Their general obligation bonds are real trash. The capital and people who own it are fleeing on a scale never seen before. The energy problem is absolutely horrible, and by next August gas prices will be $12 per gallon while the rest of the USA will average $ 2.50 per gallon. The number of billion dollar companies leaving is staggering. California is looking at a $ 90 BILLION Budget deficit. California cannot print money like the federal government. To be bailed out they would need a friendly Washington. They Don't have that. Most people in California hate Govenor "Slick Newscum". He has to have a massive personal security team and 20 bodyguards just to move around. He very often just travels around California by helicopter. When he does travel on roads, its in a huge motorcade that blocks traffic for 10 minutes in all intersections until he passes.