That $1billion figure is a figure alright. It's just a figure or figment if you will of imagination. Extend and pretend only lasts so long. The federal gov't can print more money at will, well almost. The states cannot. When lenders start to feel they won't get paid back the ponzi is over- just like Puerto Rico and that's not because of the hurricane either. There are a few more states in trouble but none as bad as CA according to what I've been reading at times. The dim future of CA may just be as your previous post, very grim indeed.
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