Mike Shedlock: Only in California: Borrow $100 Million to Owe $1 Billion
Aug 8, 2012 | Posted by: roboblogger | Full story: Townhall
Poway California, population 47,811 as of 2010, has placed an enormous bet on rising home prices and tax revenues.
Ouch. Now parents must gather their kids around the dinner table, burst into tears, and beg forgiveness for what they have done to their kids futures. How could Poway parents have been so cruel and cold hearted?
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