{"id":193247,"date":"2010-01-18T06:34:47","date_gmt":"2010-01-18T11:34:47","guid":{"rendered":"http:\/\/www.businessinsider.com\/californias-crisis-is-still-in-its-infancy-2010-1"},"modified":"2010-01-18T06:34:47","modified_gmt":"2010-01-18T11:34:47","slug":"californias-crisis-is-still-in-its-infancy","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/193247","title":{"rendered":"California&#8217;s Crisis Is Still In Its Infancy"},"content":{"rendered":"<p>California&#8217;s own Department of Finance recently put out a presentation called &#8220;<a href=\"http:\/\/aiki14.com\/files\/2010\/01\/Financial_Disaster-Presentation-w.pdf\">California at the Brink of Financial Disaster<\/a>&#8221; (<em>mentioned in a guest post by <a href=\"http:\/\/www.businessinsider.com\/why-excessive-fear-and-the-likelihood-of-a-bailout-make-california-debt-an-attractive-investment-2010-1\">Jim Gobetz here<\/a><\/em>) which is basically a quick rundown of how the state got into such a fiscal mess, and how it might go about fixing itself.<\/p>\n<p>The last slide looks at the current state of the problem, and the takeaway is that as things look now, we&#8217;re looking at a huge, multi-year problem:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b5446d40000000000e3fecd-566-390\/california.png\" border=\"0\" alt=\"california\" width=\"566\" height=\"390\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/californias-crisis-is-still-in-its-infancy-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/why-excessive-fear-and-the-likelihood-of-a-bailout-make-california-debt-an-attractive-investment-2010-1\">Why Excessive Fear And The Likelihood Of A Bailout Make California Debt An Attractive Investment<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/california-downgrades-california-to-third-world-country-status-2010-1\">S&amp;P Downgrades California To Third World Country Status<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/schwarzenegger-makes-emergency-appeal-to-white-house-for-bailout-of-california-2010-1\">Schwarzenegger Makes Emergency Appeal To White House For Bailout Of California<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/sfPDvr1wW1g\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>California&#8217;s own Department of Finance recently put out a presentation called &#8220;California at the Brink of Financial Disaster&#8221; (mentioned in a guest post by Jim Gobetz here) which is basically a quick rundown of how the state got into such a fiscal mess, and how it might go about fixing itself. The last slide looks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-193247","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/193247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=193247"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/193247\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=193247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=193247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=193247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}