[QUOTE](Reuters) - Connecticut this autumn probably would have just a little more cash than it needs to pay a week's expenses unless it issues $520 million of debt, according to the state comptroller.
Treasurer Denise Nappier, in a letter to the Connecticut Bond Commission, outlined her response to concerns that were raised about the state's finances by a legislator.
If the planned offering of general bond obligations were delayed until 2011, "This coming fall the state would likely have just over a week's worth of expenses in the bank -- a level lower than advisable," Napier wrote in an August 13 letter that is posted on her web site: here
"Conceivably, the State may run out of funds for capital expenses that have already been authorized, allocated and incurred, such as school construction projects," she added.
So before the end of the year, Connecticut expects to offer the $520 million of general obligations and as much as $600 million of special tax obligations, which would raise money for transportation. Both issues likely would be offered via negotiation.
Separately, the Connecticut Bond Commission on Tuesday approved $260 million of debt to help pay for high-speed trains that will run through Connecticut and western Massachusetts, the governor's office said.
Also approved was about $581 million of general obligation bonds that will replace the same amount of Bond Anticipation Notes sold in the spring of 2009 to plump the state's cash cushion. The long-term debt likely will be issued in the spring of 2011, probably on a negotiated basis.
But the Connecticut Bond Commission rejected -- for now -- a $226 million proposal to buy 80 new MetroNorth rail cars after questions were raised about how to pay for this upgrade and whether commuter fares would have to be increased, officials said.[/QUOTE]
Source: [url]http://www.reuters.com/article/idUSTRE67G50A20100817?type=domesticNews&feedType=RSS&feedName=domesticNews&rpc=22&sp=true[/url]
lets just borrow it from china
issue more debt
it's the american way
Watching the American economy is like watching a newborn giraffe try to stand up
i wonder if america will ever get out of their bankruptcy
[QUOTE=frankie penis;24269555]i wonder if america will ever get out of their bankruptcy[/QUOTE]
America has always been in debt
[QUOTE=erie1555;24269682]America has always been in debt[/QUOTE]
Uhh, so has every other country on this planet.
[QUOTE=erie1555;24269682]America has always been in debt[/QUOTE]
Bitches don't know bout Andrew Jackson.
He was so badass he got use out of debt.
[QUOTE=Asswipe;24269709]Uhh, so has every other country on this planet.[/QUOTE]
And you base this on what?
[QUOTE=JDK721;24269817]And you base this on what?[/QUOTE]
[URL="http://en.wikipedia.org/wiki/List_of_countries_by_external_debt"][Citation Provided][/URL]
legalize + tax weed
[QUOTE=ZekeTwo;24269525]Watching the American economy is like watching a newborn giraffe try to stand up[/QUOTE]
Now I'm just imagining the state accountants of Connecticut desperately doing sums to this tune:
[media]http://www.youtube.com/watch?v=6Nh49a8q2E4[/media]
[QUOTE=Ridge;24269896][URL="http://en.wikipedia.org/wiki/List_of_countries_by_external_debt"][Citation Provided][/URL][/QUOTE]
Well, not every country. Just every country I've ever heard of is in debt.
[QUOTE=Jessesmith1;24269939]legalize + tax weed[/QUOTE]
yes this will singlehandedly fix the economy well done you.
not that i'm against the idea.
[QUOTE=erie1555;24269682]America has always been in debt[/QUOTE]
nope
[media]http://www.youtube.com/watch?v=O_TjBNjc9Bo[/media]
[QUOTE=Ridge;24269896][URL="http://en.wikipedia.org/wiki/List_of_countries_by_external_debt"][Citation Provided][/URL][/QUOTE]
Holy crap, just reset everyone's debts to everyone back to zero. I mean if thats debt we owe to other countries and everyone owes everyone....
[QUOTE=Emperor Scorpious II;24270267]:iceburn:[/QUOTE]
Except not every nation on there is in debt.
Connecticut represent!
[QUOTE=JDK721;24282113]Except not every nation on there is in debt.[/QUOTE]
Close enough. There's like 4 on there that are not in debt.
lol capitalism. It makes alot of sense. What ever happened to having a standard based on precious metal such as gold and silver?
[QUOTE=JDK721;24282113]Except not every nation on there is in debt.[/QUOTE]
Semantics.
[editline]11:57PM[/editline]
[QUOTE=Richard Simmons;24282205]lol capitalism. [/QUOTE]
Except socialist nations are in as much debt as capitalist ones.
[QUOTE=Richard Simmons;24282205]lol capitalism. It makes alot of sense. What ever happened to having a standard based on precious metal such as gold and silver?[/QUOTE]
I wouldn't based everything i have on some shiny metal.
[QUOTE=Richard Simmons;24282205]lol capitalism. It makes alot of sense. What ever happened to having a standard based on precious metal such as gold and silver?[/QUOTE]
We got rid of it.
I wonder who changed the US' debt on the Wikipedia article to "2 bucks to the bully down the street"...
[QUOTE=Nipa;24287036]I wonder who changed the US' debt on the Wikipedia article to "2 bucks to the bully down the street"...[/QUOTE]
[img]http://gyazo.com/c3668c487ab2976a8065c279670ecf0a.png[/img]
:raise:
[QUOTE=Ridge;24269896][URL="http://en.wikipedia.org/wiki/List_of_countries_by_external_debt"][Citation Provided][/URL][/QUOTE]
According to Australian propaganda Australia came out the best of all of the western world because we had the great Kevin and Gillard leading.
Week[B]'[/B]s?
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