will california default on its debt?

WILL CALIFORNIA DEFAULT ON ITS DEBT?

Created by West Coast Rapper on Nov 28, 2010

7 votes

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Yes. $25 billion shortfall is massive!

Not a chance. Pelosi's husband will write a check

Maybe. The Feds will bail California out.

Huh? I'm a stoner. Vote yes on Prop 19.

I don't really care. I'm on welfare. I get paid.

Since: Jun 10

Location hidden

#1 Nov 28, 2010
Yup! Municipal bonds have plummeted in recent days, as investors have suddenly focused on huge state and city budget deficits that there's no easy way to fix.

Read more: http://www.businessinsider.com/california-def...

Since: Jun 10

Location hidden

#2 Nov 28, 2010
Nope! This will not happen either. The Republicans will not have more government sponsored bail-outs. The American people could care less about bailing out states, especially California!

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