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Do you mean default on their debt? If so that is a really bad idea. I don't really get it being uncompetitive. California has a higher gdp per capita then eithe
by confidantlake 5y ago
Do you mean default on their debt? If so that is a really bad idea. I don't really get it being uncompetitive. California has a higher gdp per capita then either Texas or Florida.
- justinzollars 5y agoI mean default as in bankruptcy, then restructure the fixed costs in a way to become competitive with Texas and Florida.
- confidantlake 5y agoTheir debt to gdp ration isn't even in the top 10 of states. There is no reason for them to declare bankruptcy. The idea that California is not competitive couldn't be further from the truth.If California were a country they would have the 5th highest gdp in the world.
- justinzollars 5y agoDo you live here? Do you see the math in my post? Outcomes are horrible. Families can’t afford to exist.