tag:blogger.com,1999:blog-2593827099626424590.post6123513401825497855..comments2024-03-24T00:34:46.422-07:00Comments on Brick Oven: Bloomberg Begins to Lose ItUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2593827099626424590.post-44676665622089570022008-10-05T08:54:00.000-07:002008-10-05T08:54:00.000-07:00Of course, the meaning of credit crisis is in the ...Of course, the meaning of credit crisis is in the eye of the cash-strapped Governor.<BR/><BR/>You have a credit crisis if some Federal government entity doesn't want to loan you money on YOUR terms.<BR/><BR/>In this case, as it turns out, California has been borrowing money to make it's budget balance for some time now, but due to the cyclical nature of it's tax collections, was usually able to pay it back.<BR/><BR/>This time, however, there are NO projections or models which show that Ahnuld's Kalifornia could pay the money back in this legislative cycle. The state has just overspent, that's all.Rivrdoghttps://www.blogger.com/profile/02685083857476811667noreply@blogger.com