Loading ...drb2 – That’s actually a brilliant plan, wouldn’t surprise me in the least if that’s what they do, crash the dollar, create some massive inflation, goose the DOW and keep gold in check. Wouldn’t surprise me at all.
Ipso – Well, you pay Lifeguards $200K in retirement, firefighters $250K, select Sheriffs and other career gov’t employees between $300 – 600K, that’s what happens. Liberals have always assumed the tax base was endless.
I guess that situation ends in one of two ways, 1) drb’s scenario 2) a collapse and reduction of benefits in the Pension fund. In the meantime, I expect the meathead liberals in CA. will tax everything they can get their filthy hands on.