Casual Observer 597 Posted December 10, 2012 Whole lotta fail in this article: http://www.oc-breeze.com/2012/12/07/25235_california-state-revenues-10-8-below-budget-projections-in-november/#comments John Chiang simultaneously trumpets California's improved "cash liquidity" to pay its bills, while cautioning that the State must exercise care and discipline in how its fiscal affairs are managed. Unfortunately, Mr. Chiang neglected to mention that the State's cash position was enhanced by $24.9 billion in borrowing (improved cash liquidity!). Doesn't sound like a careful and disciplined approach. Share this post Link to post Share on other sites
DankNuggs 305 Posted December 10, 2012 Cash liquidity lol.... Share this post Link to post Share on other sites
SUXBNME 1,364 Posted December 10, 2012 Whole lotta fail in this article: http://www.oc-breeze.com/2012/12/07/25235_california-state-revenues-10-8-below-budget-projections-in-november/#comments John Chiang simultaneously trumpets California's improved "cash liquidity" to pay its bills, while cautioning that the State must exercise care and discipline in how its fiscal affairs are managed. Unfortunately, Mr. Chiang neglected to mention that the State's cash position was enhanced by $24.9 billion in borrowing (improved cash liquidity!). Doesn't sound like a careful and disciplined approach. We voted in all Dems. What can you do? Also, I thought the asians were supposed to be good at the math. Share this post Link to post Share on other sites
Casual Observer 597 Posted December 10, 2012 We voted in all Dems. What can you do? Also, I thought the asians were supposed to be good at the math. You guys need the Capital One baby to say no to more cash (from borrowing). Share this post Link to post Share on other sites
DankNuggs 305 Posted December 10, 2012 We voted in all Dems. What can you do? Also, I thought the asians were supposed to be good at the math. Liberals love obscurring and misleading the meanings of things using odd diction... Share this post Link to post Share on other sites
SUXBNME 1,364 Posted December 10, 2012 You guys need the Capital One baby to say no to more cash (from borrowing). Only if someone will take Jimmy Fallon away. Share this post Link to post Share on other sites
