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(Fox Business)   If you're looking for a list of California municipalities that will be declaring bankruptcy in exactly 20 years, here you go   ( divider line
    More: Fail, franchise taxes, Franchise Tax Board, Stifel Nicolaus, Poway, municipalities, municipal bonds, fiscal years, school districts  
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3354 clicks; posted to Business » on 08 Aug 2012 at 4:43 PM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2012-08-08 05:03:44 PM  
1 vote:

Shostie: Guess Prop. 13 wasn't such a great idea, huh, California?

There's nothing spendaholics hate more than a tax that's lower than it once was. Every other tax can go up to the sky, but if even one slips the net, they obsess over it, like a long-lost inamorata, hoping with all their being to entice it back.
2012-08-08 04:08:30 PM  
1 vote:
And the Poway district has already borrowed tens of millions of dollars at nosebleed 12.6% interest rates.

Why don't they just get 0% loans from the Fed like the guys on Wall Street?
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