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From Austerity to Abundance: Why I Am Running for California Treasurer

January 15, 2014

“Justaluckyfool”
“(T)he race is not to the swift,nor… wise, nor…to men of understanding, nor …to men of skill, but time and chance happeneth to them all.”
ECCLESIASTES 9:11
To California’s 37 million: Is it the time and opportunity for you to chose
your path to “prosperity and the pursuit of happiness”?
SHARE-TWEET this millions of times.
Why would you not want prosperity for your selves and your children?
SHOW AMERICA YOU CAN LEAD.
NOW is the time ! HERE is the chance !
From Austerity to Abundance: Why I Am Running for California Treasurer
Posted on January 15, 2014 by Ellen Brown
http://ellenbrown.com/2014/01/15/from-austerity-to-abundance-why-i-am-running-for-california-treasurer/

WEB OF DEBT BLOG

Governor Jerry Brown and his staff are exchanging high-fives over balancing California’s budget, but the people on whose backs it was balanced are not rejoicing. The state’s high-wire act has been called “the ultimate in austerity budgets.”

Welfare payments, health care for the poor, and benefits for the elderly and disabled have been slashed. State workers have been downsized. School districts in need of cash have been reduced to borrowing through “capital appreciation bonds” bearing 300% interest. In one notorious case, the Santa Ana school district actually borrowed at 1,000% interest. And the governor acknowledges that California still faces a “wall of debt” amounting to $28 billion. Some analysts put it much higher than that.

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