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They can go higher...and they will. The state can always issue bonds, so creditors always get paid. CA isn't about to default for a few tens of billions. The b
by onetimemanytime 8y ago
They can go higher...and they will. The state can always issue bonds, so creditors always get paid. CA isn't about to default for a few tens of billions.
The biggest problem is zoning. OK, PGE might caused this, but odds are that within a decade it would have burned anyway. A camp fire, a faulty car exhaust on late August, fire works and so on. ZONING is the real issue now. You know that the area is prone to fires and people build houses in the mountains, surrounded by 100 feet trees?