Feb
08
2010
California’s Costly High-Speed Rail Hoax: Using Borrowed Money to Build a Flawed Train
California has the worst bond rating in the nation, hovering just above junk bond status. A lower bond rating means higher interest rates when selling bonds – and California already spends $10 billion per year in bond principal and interest repayments.
In this, as in many other things, California leads the nation, for better or for [...]
BigGovernment Articles, News | Chuck DeVore | 
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Arnold schwarzenegger, Barack Obama, Economics, federal spending, George Runner, government debt, government interest, high speed rail, High speed rail authority, Howard Jarvis, obama, politics, state bonds, State Politics, stem cell research, Tom McClintock