Is California close to being in debt?
California actually go bankrupt? Long story short: Yes.If state can't make its debt payments, and no one will lend it any more money. In that case, the federal government can step in and put the state into receivership. Its possible it could.
Answered
-
-
A strategy sometimes used by consumers to better manage their...
-
Interest (n.) is the fee charged by a lender to a borrower fo...
-
What is the u.s. National debt?
As of Oct. 6, 2008 at 10:47:22 GMT the national debt is 10, 1...
-
China's foreign debt reached 373.62 billion U.S. dollars at t...
-
What was the US national debt both at the beginning and the end of Richard Nixon's presidency?
Richard Nixon left a debt of $469,898,039,554.70 in 1974, aft...
-
Interest (n.) is the fee charged by a lender to a borrower fo...
-
What is long term debt to equity ratio?
Debt and equity ratio is financial ratio indicating relative ...
-
What was the national debt in 1990?
George H. W. Bush R 1989���1993, Start debt/GDP 53.1% End deb...
-
Did the public debt decrease between 1981 and 1985?
No the public debt did not decrease between the years of 1981...
-
If the national debt grows each year that what will happen?
Young workers can expect to pay a historically unprecedented ...
-
How large is the united states debt?
The current national debt is $10,622,722,451,913.71. Thanks f...
-
Which do lenders take into account before issuing unsecured debt?
Sorry. ChaCha does not understand your question. Your origina...
-
Im 40000 in debt need a gonsalilation loan & imon s.s.a?
You should speak to your bank.
-
Interest (n.) is the fee charged by a lender to a borrower fo...
-
How are national debt and budget deficit related?
National debt is the accumulated total of past budget deficit...
-
The USA national debt is over 10.5 trillion dollars! Thanks f...
-
What does 'being in debt' mean?
Being in debt is when you owe people money that you need to r...
-
What is debt financing and equity financing?
Debt Financing is a loan.that you borrow and will pay back. E...
-
Does the debt ceiling affect food stamps?
No, food stamp benefits will not be affected, although many c...
-
America (both the people and the government) have spent more ...
-
A strategy sometimes used by consumers to better manage their...
-
How much money is America in debt for?
The amount changes every second on the U.S. National Debt Clo...
-
The USA national debt is over 10.5 trillion dollars! Thanks f...
-
What are 5 ways national debt can affect the economy?
Over the next 20 years, the Social Security funds must be pai...
-
What is the difference between debt and deficit?
They both deal with money owed. National debt is net accumula...
About Debt
Debt is an obligation to pay someone back, either in money or other goods. Before the recession of 2008 and the financial meltdown, many people and corporations took on so much debt that their houses were foreclosed and their companies failed or had to be sustained by the government until they got back on their feet. (An example is General Motors.)
Comments