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The Seas are Rising, the Earth is Flat.
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Posted by individual, Saturday, 19 January 2013 8:45:43 AM
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individual,
Why am I not surprised by your last comment? The last time I looked, California was bankrupt - how "smart" is that? http://rt.com/usa/news/california-bankrupt-taxpayers-pensions-874/ Posted by Poirot, Saturday, 19 January 2013 9:00:19 AM
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The last time I looked, California was bankrupt - how "smart" is that?
Poirot, How uncanny, so is Australia. (if you really think about it). Take the foreign debt out of the australian budget & see how much is left in the coffers. You'll find it's a lot less than in California's. Posted by individual, Saturday, 19 January 2013 9:29:57 AM
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Poirot,
by the way, is there any info by how much the sea levels have risen in California ? :-) Posted by individual, Saturday, 19 January 2013 9:32:11 AM
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individual,
http://www.sfgate.com/science/article/Global-sea-level-rise-could-hit-California-hard-3657131.php I take it you're interested in reading future projections, if only for the fact that imbibing the information allows you the recourse to dismiss it. Posted by Poirot, Saturday, 19 January 2013 9:55:13 AM
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Actually, individual, it's interesting. California has a GDP of 2 trillion (one of the biggest economies in the world)...yet its revenue is only 366 billion while its spending is 438 billion. Its debt to GDP ratio is only 20.5 percent.
I have no idea what California's foreign debt is, however. Posted by Poirot, Saturday, 19 January 2013 10:18:44 AM
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sonofgloin,
No, but it certainly makes the Californian Government a hell of a lot smarter than ours.