California debt default ‘increasingly likely,’ Cal Lutheran economist says
Payments on bond borrowing are becoming uncomfortably high, crowding out funds for universities, healthcare, parks — and all the other government services being slashed these days.
By George Skelton Capitol Journal
December 17, 2009
State Treasurer Bill Lockyer is playing Scrooge, admonishing Capitol politicians that they can’t have everything they want — or even think they need.
It’s a sound message not just for the politicians, but also for the California public.