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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (35798)	7/6/2003 8:00:20 PM
From: TobagoJack	Respond to of 74559

Hi energyplay, <<About 35 million people in California, so the a 53 Billion budget would be $1500 per person...>> There may be 15 million working folks in California, and of that number, perhaps 3 million work for the government, leaving 12 million of the private sector, tallying up to USD 4400 per private sector worker ... together with utilities, gas, ... the burden by % terms and therefore by absolute terms is getting quite heavy. At the margin, every straw matters, and with any eventual increase in interest rate, California-specific or system-wide, the debt cancer will take progressively more automatic bites out of California. Should housing inflation get worse, the property tax bite will ... folks will relocate ... tax on remaining folks will ... oh, you know the sequence. Chugs, Jay