Forum Post: If Face Book gave less than 20% of their IPO it would pay off California's entire debt.
Posted 11 years ago on May 17, 2012, 6:44 p.m. EST by cherokeenation
(-1)
from New York, NY
This content is user submitted and not an official statement
They expect the company valuation to be 105 billion, they could grant CA enough stock to pay off their 18 billion debt and never miss a thing, everyone would still have more money than they could ever spend.
Zuckerberg is supposed to be a big progressive, think he'll share his massive cash? No? I don't either.
That 18 billion (16, actually) is this year's deficit alone. Any suggestions about how to pay for next year's 16 billion dollar deficit?
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But then California would spend that too and nothing would change.
Do you really think that would solve Cali's problems? Jerry Brown is proposing higher taxes and higher spending to fight their deficit. He is a moonbat idiot, but the coastal douche bags wanted him and they can all sing happily together as they speed off to insolvency. Cali Dems will never stop spending money they don't have and the Reps there don't do squat to help anyone other than their religious bedfellows, so sit back and enjoy the madness.
If he were to do that then he would have to pay of everyones debt you idiot.
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