Why are socialist states around the United States going bankrupt?

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connecticut has tried issue own accounting rules. hawaii has inaugurated four-day school week. california accelerated corporate income tax year, making companies pay 70 percent of 2010 taxes june 15.

california's stated debt -- value of bonds outstanding -- looks manageable, @ 8 percent of total economy. california has big unstated debts, too. if fair value of shortfall in california's big pension fund counted, instance, state's debt burden more quadruples, 37 percent of economic output, according 1 calculation.

connecticut has tried issue own accounting rules. hawaii has inaugurated four-day school week. california accelerated corporate income tax year, making companies pay 70 percent of 2010 taxes june 15. california's stated debt -- value of bonds outstanding -- looks...


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