Democratic (socialist/fascist) governor Joseph “Grayout” Davis, of the republic of california, signs Assembly Bill 1X, authorizing the state to sell up to 10,000,000,000 “dollars” worth of bonds (about 300 “dollars” of debt per resident) to buy electricity—making the state a major participant in the market (fascism).
[added 6/12/2023]
Subsequent Events:
Authority:
california constitution of 1879, article XIII, section 19
casetext.com/statute/california-constitution/article-xiii-taxation/section-19
References:
Dan Morain and Miguel Bustillo, “State Approves Bond Sale to Pay for Power,” Los Angeles Times, 2 February 2001, A1, 32.
Current U.s. National Debt:
