Market value of assets is lower than the debt.
The debt can not be refinanced at a rate unhedged cash flow can service.
I live in California. I am what was a conservative Democrat. So other than giving a token amount to Dr. Carson, I am a spectator. California is the corrupt bureaucratic state.
It would really be something if Trump wins. Average Americans are so fed up with politics. So it is understandable. Still, these petty insults are far below our office of President. Obama's childish games has done great damage to our country.
Let us hope it does not result in a corrupt treasons Hillary winning the election. I do not think our Republic would survive. The Progressive would assume control of the court. As it is in California, the end of democracy in most part. Through the agency of the progressive primitive secular scientism religion.
It is to depressing to contemplate. So, Costco has an excellent bath fan at a remarkable price. So, I an discovering and correcting all the nonsense. 70s house.
Almost fresh water fishing season.
I believe it is a pre-package bankruptcy. Take impairment charges on the assets. Resulting in a negative net worth. Cause a technical default. Eillis keeps his job. A thank you from the bonds holders. At least the ones playing ball with him.
Terrible waste. All this cleanest of all natural gas. But Hillary likes irrational and economy killing wind mills. At least the hordes of progressive leaches do. Hillary's net worth of $200mm+ means the Clinton crime syndicate took at least $400mm in corrupt speaking fees.
What better way than to exploit the ignorance of progressive voters and claim you are saving the planet. While screwing up the economy and the environment. No way to add more variable power to the grid without causing massive inefficiency.
Very depressing. Nor was I impressed Trump 'supports' corn ethanol corruption. Sadly the very same nonsense is why Americans are supporting Trump.
Mean while companies like LINE go bankrupt. I sure hope hairless monkey progressives are not the majority of voters. They could see Europe fading away into chaos. But see no failure is a monkey thing.
Well unsustainable socialist democrat. We have much to learn from countries without the capacity to defend themselves military or culturally. ISIS terrorist never met a neo-progressive they will not save for last! SO they can say you were so wrong and the most wicked! ;)
Neo-Progressive Zombie Bear,
What ever your emotional opinions, no one is as corrupt and treasonous as Hilly. She is simply unfit by any facet to be our President. On top of her unindicted felonies, she has promised to be even more tyrannical and lawless that Obama. She is fully comprised on the international stage, in times of war.
The Democrats would be wise to draft a Liberman. The man makes me nuts but deep down he believes in Liberty and America.
Neo Progressive Zombie Bear
The official national debt was $10.8 trillion when Obama came in. Truth is Obama and Progressive Ghoulsbee economic policy is so horrendous, that if Obama had not matched all the debt ran up by every president before him, he would not even reached 1% annual growth. With the Fed running dangerous emergency stimulus all seven plus years.
This is why you neo-zombie progressives just have to be given a time out. You are destroying America and rather than admit your error, you make up really dishonest or delusional primitive myths.
Obama promised magical job creation. Borrow and spend was the magic. It never had worked.
Nor in a seven year economic and fiscal emergency, does a mature rational man abuse bureaucratic agency to hammer the economy with brain dead Global Warming cult religion. He does not impose higher electricity costs. At least not until the economy is stable and growing.
As we see again. The Obama world order and economy are not stable. Never have been stable which is why we have had no investment in our economy. No, the cost of dead weight alternative energy corruption is not investment. It has a negative return. Not to mention the negative business creation America has never before experienced.
Hillary is promising to be even more abusively tyrannical and lawless. Except she will not be able to double the official national debt as Obama has done.
Look Clinton did it. He cut taxes and went very easy on the regulations. Austin Ghoulsbee being intellectually and ethically dead, will not state the truth. The Ghoulsbee goes even further, claim his policy agenda is better than the rest of the world! Guess our phd forgot America has wildly exceeded European and Japanese growth rates for generations. Our economy was freer until the disaster of Obama. It knows better.
No Neo-Progressive Zombie Bear,
It is not name calling. It is careful observation and description. there is no other way to explain Hillary having any support at all. Except for the hordes of the neo-progressive voting zombie herds.
At any rate. The national debt was about $10 trillion when Obama began his vanity driven demolition derby with America. When he thankfully retires, it would be $20 trillion. Your nonsense about interest cost is sadly ignorant. Interest has not been a problem for Obama as the Fed has been forced by his abject failure to manipulate interest rates all seven plus years.
The debt and interest is yet another bomb Obama is leaving for our next President. It really is not possible to understate the total failure of Obama and his vanity.
Reagan's economic growth was so great that the debt as a % of GNP declined. Austin Ghoulsbeen the virtue and intellectual undead, is wrong Clinton had a stronger economy. But, this is the sort of nonsense we now expect from Grubering phds. Besides, Clinton's gross personal behavior forced him to follow a conservative agenda - Newt. Nothing connection at all to the Ghoulsbee engine first place failure.
Getting back to Obama, his debt is explosion is the most extreme and dangerous. He recklessly doubled our stated debt to never before seen levels of gnp. Worse still, he did nothing to reform SS of medicare. Except to weaken medicare for his Obamacare grubering disaster.
As I said many times. There is no cure for your neo-progressive zombie conditioning. Honesty and reason are not with in you. Is a hairless monkey a person? The question of duality and human beings.
Standard economic policies work. The key failures of the corrupt Republican establishment is failure to control illegal immigration and allowing absurd sustained trade imbalances. Then there are the corn state Republicans who join with the Obama for wind and corn ethanol corruption.
Obama/Hillary would destroy our Constitution.
America is in desperate need of leadership by godly men.
Here we go Americans. Hillary is finally caught in her web of corruption and deceit.
What will the legions of Hillary zombies do with themselves.
Where have all the flowers gone
Long time passing
Where have all the flowers gone
Long time ago
Where have all the flowers gone
Jon picked them, every one
On the farm.
Gum he is also a brilliant Intelligent Piety American. It was remarkable how quickly he learned about the silly session and improved his presentation.
American has a vast need for his talents with healthcare. Obamacare will have to be dismantled before it simply collapses on the false grubering 'assumptions'.
But our inner cities are also in desperate need of uplifting aspirational leadership. As he an Col West came up in these neighborhoods, they have the experience to understand.
It is clear the traditional Christian community leaders are open to new ideas of economic development. They listen to Mr. Trump and came away in an open condition. As the delusional hard collectivist herd of Cornel West got busy repeating the 1920s German experience.
What is established is that Fredrick Douglas and Booker T Washington were correct. Reliance on politics rather than individual empowerment resulted in these communities becoming political captives. While government unions carry away the very city.
Poor Neo-progressive performing bear,
Traditional voters are fed up with BOTH party elite power structures.
Obama/Hillary would destroy out Constitutional Republic instantly. Usurpation by material nihilism Supreme Court appointments.
The Republican elites are selling us out on unfree trade, illegal immigration and corn ethanol/wind mills.
The danger of the Hillary/Burnie totalitarian threat is immediate and existential.
We have time to beat the progressive elements of the Republican party into a pulp. They are simply corrupt rather than engaged in this weird primitive politics as religion sickness.
American natural gas is now at $1.60. This alone is enough to drive our economy to 4%+ growth. If we can get the insane corn ethanol and wind mill corruption out of our way.
I understand why Mr. Trump has such deep support. The Republicans elites sold us out on illegal immigration and collectivist insanity around corn ethanol and wind mills etc. They want some one to bash them both and call it out. Unfortunately Mr. Trump already cut a corrupt deal on corn ethanol.
While I agree with all of Mr Romney's key points, I do not believe Mr. Trump would be a bad President. For our economy to explode into 4%+ natural recovery growth only requires a President who is not terrible. Also, given the nature of Mr. Trump's business, he fully understands the political engine and how to work the system.
It is more a reflection of the recognition of the neo-progressive Potemkin Village political theater of the godless extreme collectivists. Many Americas have come to the conclusion we must have a fighter to finally defeat this existential danger. I have a high regard for the common sense of traditional Americans. They maybe correct.
I do believe Mr. Trump has it with in him to rise to the majesty of our highest office. As we see, our President is far more than a simple CEO. He or she is an example to the younger generations.
Obama/Clinton prove the point.
Yes Gum the Obama family set an example of self absorption and decadence with their public paid vacations.
Not to mention Obama doing a two minute drill when a good man had his head sawn off by a terrorist thug. So he could get back on the golf course.
Real shame Ryan extended all the alternative energy corruption. If we can beat back the immediate existential threat of old, corrupt, inept and compromised Hilly, then we need to get out our pitchforks and torches for a rally around the House.
For the safety of our Republic, all the abusive agency power to create law must be revoked. Make the HOuse take responsibility for all monetary and intellectual corruption going on in the bureaucracy. Which means we really need to make it clear to them who is boss.
We have all lived through Pelosi being Speaker. That must not be repeated either. I am grateful to Nevadans for giving Reid his walking instructions. But Worm tonged Schumer is not a big improvement.
I would disagree Gum. The once great cities yielded to the neo-progressive lie. Which simply added black face to their superficial diversity. Black face on the power to corrupt 'activist' government. Human nature is constant and not modified by pigment level.
Which is exactly why Fredrick Douglas and Booker T Washington looked to government only to insure space for individual and family opportunity. Also, taking any assistance from any source to insure opportunity to the best education possible for the children. The Black Universities were founded on the American Judeo-Christian ethic of spreading useful or gainful knowledge to the entire community.
Their is an excellent PBS review of the Black Panther experience on either Netflick or Amazon. What happens when youthful idealism is divorced from the American Judeo-Christian ethic. Then runs the constant human nature course.
It is one very nasty Alinsky, Cloward and Piven trap our fellow Americans have been caught in. It certainly does not help that we have allowed the corrupt statist teachers union put the schools into a state of dysfunction.Then send the brightest children to the failing academy for indoctrination to sustain the terrible collectivist social trap.
One long term solution is to allow engaged parents school choice. Including overtly sound religion instruction. Otherwise we will simply be placing the brightest children on the collectivist conveyor belt to the disability of victimhood academy.
I am not so sure I can be patient with even one more clergymen who tries to avoid study and contemplation with the His-Story myth. Never even bothering to read Douglas' writings on the Fourth of July or Constitution.
We Americans of good will can only help. A new leadership must arise in these communities. Look at the history of the last two generations and reject the false political short cut. Like the Hebrews wondering in the desert for 40 years.
Well neo-progressive performing bear.
If the choice is between a corrupt and treasonous HIlly or a child or clown?
A well meaning but simpleton socialist? America can learn from the failing totalitarian Soviet police state? Which explains Burnie's blind faith and inability to witness the failure of Europe and the welfare state.
Which is why the neo-progressive condition is so powerful. Which is why all you neo-progressives must have a time out.
Opponents not enemies. Although I am not surprised neo-progressive performing dancing bear's peace pipe is filled with weed.
Clearly he has no regard for his personal liberty. I can only hope and pray he see reason and the Light.
Well Bear, weed impairs your Liberty. Two or three beers does not. Alcohol is out of the system in a day.
Weed hangs out in the brain for a month. So is cumulative unlike beers.
I have no problem with people growing a few plants for personal consumption. Sadly few collectivists are much worried about their intellectual capacity or potential. So little is lost.
But, to open it up to the industrial market place as a legal product is simply foolish. It certainty is not good to have a market encouraging consumption.
of the Republic nomination. The support and eager willingness to accept the council of Dr. Carson is likely the final piece.