SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: orkrious who wrote (256150)8/15/2003 4:40:21 PM
From: mishedlo  Read Replies (1) of 436258
 
Thoughts on California
From Splotto....
The only problem has been the unwillingness of both sides in california to do increase taxes or reduce spending
Splotto

The mish solution!

Splotto, think outside the box like Bush.
Lower taxes and spur job creation
By my estimation, taxes at 0% will spur lots of extra activity.
In the meantime keep floating more bonds until the bond market chokes.
Then you can just write off all the debt when you go under.
With Greenspans derrivative miracle, no one will get hurt by any of this, as the debt will be offloaded to pluto or mars or with good luck France.
What's to lose?
Take out $200B in bonds start all kinds of job programs, get everyone spending real good, build up the infrastructure, add some wind power turbines etc.
Take the rest of the money and spend it all on free tax credits to everyone in a big refund, then just plain out and out declare bankruptcy, wiping off all that debt obligation.

Then put together a real plan of action.
As long as you are going to default, why do it over a pissy amt like $35B? Go for $200B and spend it. Then default. Can get a lot of roads and bridges fixed before you go under. Hire a lot of people too.

Why not?

M
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News