2019 and 2020 books are in the
Odds and Ends
The state of California has more debt than the nation of Greece.
6 years ago
Debt per citizen is much lower in California, however, due to the much larger population (39,2m vs. 10,8m), and the per-capita income in California significantly higher.
3 years ago
but unlike Greece, California actually has a revenue source, here is how it works
CA buys a thing---> CA has Debt---> Ca Takes a loan to pay for debt---> Ca uses bought thing to make new thing---> Ca sells new thing---> Ca sells thing to pay for loan and original bought thing.
And that's how it works for the whole us
Add comment: Please
create an accout