OT: Estimated state budget deficit reaches $25.4 billion

[PatentGuy]

“will your son be applying to the University of Wyoming??”

Nope. He did not like the idea of living there, and I don’t blame him. And he’s not that interested in the whole frat/football thing, which is a big deal on that campus.

Univ of Wyoming does have a few things going for it, including a decent engineering program and much more reasonable tuition for out of state students (especially if they have decent HS grades and test scores) than do Colorado, Washington and Oregon (“state” or “university” in each case).

We did not visit the campus, but I understand that University of Utah (SLC) has more reason out of state tuition, but he says he wants to stay in California. Extra OT, but apparently BYU charges double tuition if you are not Mormon. Why would you want to go to BYU is you are not Mormon?

Maybe I wasn’t paying enough attention to the scenery, but there seemed to be plenty of open space outside of Ft Collins to the North/West. Most of the housing sprawl is to the south along the front range going to Loveland or to the east going to Nebraska.

[surveyor]

[quote=BigGovernmentIsGood][quote=EconProf]True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits.[/quote]

LMFAO! Please name one of these magical ‘true conservatives’. [/quote]

That would be the American voters who sent that message to the Democrats and Republicans.

[surveyor]

[quote=BigGovernmentIsGood][quote=EconProf]True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits.[/quote]

LMFAO! Please name one of these magical ‘true conservatives’. [/quote]

That would be the American voters who sent that message to the Democrats and Republicans.

[surveyor]

[quote=BigGovernmentIsGood][quote=EconProf]True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits.[/quote]

LMFAO! Please name one of these magical ‘true conservatives’. [/quote]

That would be the American voters who sent that message to the Democrats and Republicans.

[surveyor]

[quote=BigGovernmentIsGood][quote=EconProf]True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits.[/quote]

LMFAO! Please name one of these magical ‘true conservatives’. [/quote]

That would be the American voters who sent that message to the Democrats and Republicans.

[surveyor]

[quote=BigGovernmentIsGood][quote=EconProf]True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits.[/quote]

LMFAO! Please name one of these magical ‘true conservatives’. [/quote]

That would be the American voters who sent that message to the Democrats and Republicans.

[paramount]

If California declared bankruptcy, at that moment wouldn’t all state issued bonds need to be paid? Assuming that is correct where would that money come from?

[paramount]

If California declared bankruptcy, at that moment wouldn’t all state issued bonds need to be paid? Assuming that is correct where would that money come from?

[paramount]

If California declared bankruptcy, at that moment wouldn’t all state issued bonds need to be paid? Assuming that is correct where would that money come from?

[paramount]

If California declared bankruptcy, at that moment wouldn’t all state issued bonds need to be paid? Assuming that is correct where would that money come from?

[paramount]

If California declared bankruptcy, at that moment wouldn’t all state issued bonds need to be paid? Assuming that is correct where would that money come from?

[PatentGuy]

My understanding is that a state cannot voluntarily seek or be forced into bankruptcy in federal court, although a Chapter 7 liquidation of California would entail some amusing trustee sales …

While some politicians may admit that California is, ummm, “underwater,” the bottom line is that California can simply default on its debts. In fact, it may be in California’s best interest to simply “walk away”.

Maybe some enterprising individual will start a web-based business that advises states like California, Nevada, Illinois, and many others, on how to “just walk away” and send the state assembly keys to the bondholders and pensioners (“jingle mail”). Be sure to collect your fee in advance.

[PatentGuy]

My understanding is that a state cannot voluntarily seek or be forced into bankruptcy in federal court, although a Chapter 7 liquidation of California would entail some amusing trustee sales …

While some politicians may admit that California is, ummm, “underwater,” the bottom line is that California can simply default on its debts. In fact, it may be in California’s best interest to simply “walk away”.

Maybe some enterprising individual will start a web-based business that advises states like California, Nevada, Illinois, and many others, on how to “just walk away” and send the state assembly keys to the bondholders and pensioners (“jingle mail”). Be sure to collect your fee in advance.

[PatentGuy]

My understanding is that a state cannot voluntarily seek or be forced into bankruptcy in federal court, although a Chapter 7 liquidation of California would entail some amusing trustee sales …

While some politicians may admit that California is, ummm, “underwater,” the bottom line is that California can simply default on its debts. In fact, it may be in California’s best interest to simply “walk away”.

Maybe some enterprising individual will start a web-based business that advises states like California, Nevada, Illinois, and many others, on how to “just walk away” and send the state assembly keys to the bondholders and pensioners (“jingle mail”). Be sure to collect your fee in advance.

[PatentGuy]

My understanding is that a state cannot voluntarily seek or be forced into bankruptcy in federal court, although a Chapter 7 liquidation of California would entail some amusing trustee sales …

While some politicians may admit that California is, ummm, “underwater,” the bottom line is that California can simply default on its debts. In fact, it may be in California’s best interest to simply “walk away”.

Maybe some enterprising individual will start a web-based business that advises states like California, Nevada, Illinois, and many others, on how to “just walk away” and send the state assembly keys to the bondholders and pensioners (“jingle mail”). Be sure to collect your fee in advance.

[Author]

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