California Insider - Angelides warns again against new debt: "With reports circulating in the Capitol that the Schwarzenegger team might propose adding next year's structural deficit onto the already accumulated debt and floating a massive deficit bond to the voters in March, Treasurer Phil Angelides warns against using borrowing to postpone dealing with the state's fiscal mess. A $20 billion deficit bond, he says, would cost taxpayers $39 billion to retire over 30 years."
:: Jim Nichols 11/08/2003 12:15:00 AM [+] ::
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