Reader comment on: Interview With Californian Joe Mathews
Submitted by stevenboise (United States), Jan 19, 2011 23:25
Two things came to mind when I read this. If they can't default, what happens if they can't pay their bills? Mr. Mathews doesn't really make that clear. Just because it's in their constitution doesn't mean there is money to pay the bills. Where would the money come from? Does the constitution force CA to redirect their money to their debt? Money that would otherwise be spent on police, fire, EMS, prisons, roads, etc? I guess I just don't understand how that would work.
Second, does "second only to schools" mean the teachers union gets their money before the bond holders as well? Or does that mean the schools' operating ability?
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