Archive for July 8th, 2012

July 8, 2012

They Get The Goldmine, We Get The Shaft

by lewwaters

California has long been known as the “Golden State,” noted for the Gold Rush Days of the mid-1800’s with that nickname being officially adopted in 1968. For many years, California was seen as one of the wealthiest states and the destination of many seeking to make their fortune in the world along with several International Businesses that located there.

But California’s leaders just like our leaders in Washington D.C. lost track somewhere along the line as both that state and the nation now each hold the largest debt in our history, California’s exceeding $300 Billion and the United States exceeding $16 Trillion with both still climbing.

We have gone from the wealthiest land to the deepest in debt on the planet, with money owed to just about every other developed nation, large bank, insurance companies and Wall Street as politicians continue selling us down the river towards collapse.

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