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The Controller issued IOU's, the payback will include interest. Now, he has done what could possibly be the stupidest thing possible--he is borrowing money, to pay back the IOU's.
That means he will pay interest on the money to repay the interest bearing IOU's.
Did Democrat John Chiang go to school? Did he take any economic classes? Did anybody in the Controllers office get at least a GED?
And, the reporter for the LA Times was not smart enough to note the double interest payments.
Obviously government has too much money. If it can afford double interest, it can afford teachers, public safety officers and parks.
Is there any adult in Sacramento with an education?
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That means he will pay interest on the money to repay the interest bearing IOU's.
Did Democrat John Chiang go to school? Did he take any economic classes? Did anybody in the Controllers office get at least a GED?
And, the reporter for the LA Times was not smart enough to note the double interest payments.
Obviously government has too much money. If it can afford double interest, it can afford teachers, public safety officers and parks.
Is there any adult in Sacramento with an education?
More...