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Old 02-03-2009, 11:56 AM   #1
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Default California goes broke ??????

California delays $3.5B in payments
Gov. Schwarzenegger's Golden State is in a world of pain. Now it can't meet its obligations to taxpayers, vendors and others until a budget deal is reached.

California delays $3.5 billion in payments - Feb. 2, 2009

The worlds 8th largest economy, and my home state......

wanna see some real partisan politics...come to Sacramento....don't think, just vote along party lines.

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Old 02-03-2009, 12:09 PM   #2
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Default Re: California goes broke ??????

Check this out: Paul Craig Roberts: Is It Time to Bail Out of America?

Quote:
California State Controller John Chiang announced on January 26 that California’s bills exceed its tax revenues and credit line and that the state is going to print its own money known as IOUs. The template is already designed.

Instead of receiving their state tax refunds in dollars, California residents will receive IOUs. Student aid and payments to disabled and needy will also come in the form of IOUs. California is negotiating with banks to get them to accept the IOUs as deposits.

California is often identified as the world’s eighth largest economy, and it is broke.
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Old 02-03-2009, 12:16 PM   #3
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Default Re: California goes broke ??????

I'll let you all know if and when I get this IOU.....
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Old 02-03-2009, 12:21 PM   #4
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I'll let you all know if and when I get this IOU.....

Please do and good luck! Sweetjeezuz what a disaster
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Old 02-03-2009, 12:27 PM   #5
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Default Re: California goes broke ??????

Keep thinking gubmit is the answer to everything. Grow, grow, and grow gubmit, and this is how you end up.
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Old 02-03-2009, 12:54 PM   #6
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Keep thinking gubmit is the answer to everything. Grow, grow, and grow gubmit, and this is how you end up.


Illegal Aliens + Wacky enviros + RINO's + dems = broke
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Old 02-03-2009, 12:56 PM   #7
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Default Re: California goes broke ??????

But we approved that multi billion dollar super fast train so everything's gonna be great
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Old 02-03-2009, 01:09 PM   #8
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Illegal Aliens + Wacky enviros + RINO's + dems = broke
I wouldn't generalize all dems as being fiscally irresponsible, cuz they're not. Afterall, it's republicans that have grown the federal gubmit to levels never seen before. It's why I can't help but laugh at all these frauds going on TV, talking about how irresponsible this Stimulus bill is (which it is), when they sat on the largest expanse of gubmit in our history. Even better, I saw a couple of clowns talking about adding more spending to the Bill, in the form of government backed mortgages. What a joke these elected officials are.
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Old 02-03-2009, 01:10 PM   #9
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But we approved that multi billion dollar super fast train so everything's gonna be great
Go Chah-jahs Go!
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Old 02-03-2009, 01:10 PM   #10
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Originally Posted by patsfan13 View Post
Illegal Aliens + Wacky enviros + RINO's + dems = broke
Sure, sure, sure....

This has nothing to do with home prices, layoffs, or our state congress and Governor...


serioiulsy? You think the economic crisis in California is cause by 4 kinds of people alone?


gosh.....




Instead of being a partisan hack, why not take this for what it is, a smaller version of what will be happening if you don't smarten up. Be constructive.
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