How Gov. Brown can pay off all of California's debt

Alternative proposals: How Gov. Brown can pay off all of California's debt (Ted Rall / For The Times / January 17, 2013)

By Ted Rall

January 17, 2013, 5:00 a.m.

Gov. Jerry Brown's new budget projects paying off $28 billion in state debt. But the debt actually totals hundreds of billions of dollars. Possible solutions to paying off the whole thing? Maybe we could start by nationalizing Apple.

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Comments (9)

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MoniqueBryher at 7:57 AM January 20, 2013

The state's debt can be paid off by taking a first, important step that Gov. Brown and his predecessors have thus far resisted: charter a state/public bank and get rid of borrowing from the private banks that helped create the recession we are in. Educate yourselves and read about public banking and the disaster known as the Fed.

Ashley MacAlister at 11:25 AM January 19, 2013

As a Liberal White Irish Catholic Pornography executive, from a LAW & ORDER STANDPOINT before Democrat Governor Brown became Governor of California in 2010 was to be the Attorney General of California from 2006-2010. As a transplanted Las Vegas Nevada native living in Los Angeles, Governor Brown should reform the Prison-Industrial complex & how Law Enforcement work in California where in places such as Oakland California which Governor Brown was Mayor in the early 2000s & parts of California where CRIME is bad. For instance, the Las Vegas Metropolitan Police Department (METRO) works closely with the FBI by regulating STREET GANGS, the Mafia & GUN INDUSTRY by forcing the CRIMINAL ELEMENTS to create companies or charities in Las Vegas by paying taxes on Drug Traficking, Prostituion & GUN COMMERCE which reduces the crime rate & help the financial revenue for the state of Nevada. The problem with California's approach to crime is that it is no longer feasible with 3-strikes law & incarcerating people where taxpayer's cannot afford in contrast to Nevada's Approach where they have a huge database of all the CRIMINAL ELEMENTS by making them pay taxes & then locking them up if they don't cooperate. California's SPECIAL INTERESTS want the STATUS QUO because of the financial benefits but with the state in dissarray there should be another method to solve this crisis.

GBigsAngle at 8:48 AM January 19, 2013

A. brown isnt paying anything off those that got a tax HIKE are paying it B. CA will always be debt ridden, the Dems in CA are in control remember C. the junk bond rating CA has puts extra pressure on paying bills. THE TURNIP CAN ONLY BE SQUEEZED SO MANY TIMES.

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