Poster Comment:
State proposition on ballot to borrow $12 billion for schools and pay back $25 billion over 35 years (including $13 billion in interest.) Democrats is Sacramento to decide where the $12 billion goes.
The state can't pay that money back. And they might not sell the bonds. The sale won't be implemented until after lawsuits are settled in a few months. Interest rates could skyrocket between now and then making this a Huge No Sale Event.
#1: Horse To: All (#0)
Horse posted on 2020-03-01 19:08:58 Reply Private Reply