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California will run out of money in February (Independent)

Comments

  • dad-of-4
    dad-of-4 Posts: 390 Forumite
    almost laughable, the public voted and got laws through or blocked, but lets see if they will take it in the !!!! now it seems to have backfired.

    the state is on the verge of bankruptsy workers will be paid with an IOU, and the unions want to block a 1.5 billion cut back initiative.

    personly i would rather just work 3 days for an IOU than 5

    you just couldnt make this stuff up.

    hasn't california been on the verge of bankruptsy before? just before Arnie got elected govenor.
  • 9th largest economy in the world isnt it, not much worry just reform
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    NYC came within hours of bankruptcy in 1975:

    http://www.nytimes.com/2006/12/31/nyregion/31default.html
  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    Why can't I take seriously anybody on these forums who doesn't know how to spell 'bankruptcy' ???
    "You were only supposed to blow the bl**dy doors off!!"
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