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re: New York, New Jersey, Illinois, Connecticut and California will be demanding a bailout.

Posted on 4/26/20 at 5:55 pm to
Posted by teke184
Zachary, LA
Member since Jan 2007
96902 posts
Posted on 4/26/20 at 5:55 pm to
Bingo.

There is a huge difference between high revenue and being solvent.

California has a huge GDP. But it also has massive liabilities which they can’t pay which are far more than the revenue they can bring in.
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