Most U.S. states have Standard & Poor's bond ratings of "AA" or "AAA". After that comes "A-plus", and that's the rating California used to have. Now, we've been downgraded to just "A", the lowest of all the states (link). Previously we'd been neck-and-neck with Louisiana, but now we're even worse.
Moody's has CA and LA still tied for last place in their ratings, but they hint that might change.
Thu, 02/05/2009 - 10:55 · Importance: 4
I have praying the state will become insolvent for years. Like the Soviet Union, California will need to become bankrupt before any change takes place. Pray for insolvency. Let the economic collapse bring about some change. You cannot spend more than you bring in. It is a simple concept really, but they are pushing the debt onto future generations, which is morally bankrupt as well. You can thank the California GOP for giving us a socialist governor. Thanks, GOP.
that is part of the plan to make this place into some third world country.