harvey wrote:SK in CV

[phaster]

[quote=harvey][quote=SK in CV]California has a pretty significant surplus.[/quote]

…as well as significant debt/unfunded liabilities.[/quote]

yup,

for a preview of news headlines of what is 99.9% certain in the future for San Diego, California, etc., all ya have to do is read a news clipping in todays paper,… of another part of the world where leadership is DISHONEST and DUMB about finance

[quote]

[“FILL IN THE NAME,…”] files fiscal plan without layoffs, pension cuts

…Puerto Rico ‘s government submitted a required fiscal plan on Thursday that excludes pension cuts and layoffs sought by a federal oversight board as legislators in the U.S. territory angered by its demands debate a bill that would withhold payments for board member salaries, among other things.

http://www.sandiegouniontribune.com/business/sns-bc-cb–puerto-rico-economic-crisis-20180405-story.html

[/quote]

(aside from the named location) only difference being, the problem(s) in the future are going to be magnitudes worst because of compounding factors

http://www.TinyURL.com/DifferentDay