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by Dr. Jay H. Abrams > View Related Articles
We often hear from investors who fear the worst from California's budget woes. Though we share many of their concerns, we continue to believe that California (along with the other 49 states), will continue to honor its debt repayment obligations despite its financial troubles. Here's why.
7/29/2009by Dr. Jay H. Abrams > View Related Articles
They cut spending, increased revenues and enacted one-time budget tricks to get California's budget back in balance, but one thing remained sacrosanct during the prolonged negotiations among legislators and the governor: Bond payments will not be missed.
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