«  
  »

Could ‘Latvia on the Pacific’ default on its debt

Bob Morris, on Jun 17, 2009, 9:19 pm

It could happen.

California has $5.7-billion in debt obligations. And while that will grow, debt occupies pride of place in California’s constitution — only education must be paid off before the next slug of cash goes to creditors. Get that? Healthcare, prisons, and other frivolities can all go to rack and ruin, but creditors must be paid, constitutionally speaking.

Tags: | Category: News | 5 comments - (Comments are closed)

  • EGrise

    Every time I see “Latvia” my comic-book-addled brain reads it as “Latveria“…and then I wonder if the good people of California wouldn’t be better off with a supervillain running things.

    • http://polizeros.com Bob Morris

      I vote for The Joker. At least he’s upfront about what he wants.

      • UJ

        I think a poll is called for. Which Super Villain should be running the country? ;)

        (My vote is on Magneto)

        • http://polizeros.com Bob Morris

          Is there a Super Villain who likes to start wars based on lies, torture people, and destroy civil liberties? Oh wait, we already had that, didn’t we?

      • UJ

        By the way Bob (I’m sure EG knows this) did you know Lex Luthor was President of the United States (in the DC Universe) from 2000 – 2004? Neat, huh?