ATG
Banned
+5,233|6821|Global Command
SACRAMENTO—The California Senate has shut down for the night after failing to approve a stopgap plan to stave off the need for IOUs and ease the state's $24.3 billion budget deficit."

The 8th largest economy in the world is officially insolvent.

Funny, trillions of dollars for banks yet welfare people will get IOU's that banks may or may not cash.

Pretty pathetic.

http://abclocal.go.com/kgo/story?sectio … id=6892849
Reciprocity
Member
+721|6872|the dank(super) side of Oregon
i guess it's time to patrol the oregon-california border.  we've got millions of armed, slightly drunk, out-of-work rednecks ready to defend our border from a bunch of crazyass kalifornians.
ATG
Banned
+5,233|6821|Global Command
meh, your jobless rate is worse. cough cough Bend cough cough You have a bunch of feckless hippies who don't want growth anyway and narco terrorist growing large scale pot farms in your forests.
Reciprocity
Member
+721|6872|the dank(super) side of Oregon
our jobless rate was shit before this whole downturn so we haven't been hit that much harder than anyone else.  A bunch of goddamned lazy loggers and mill losers, too stupid or crippled to get new jobs.  and we do have a bunch of dirty hippies up north and they're mostly cali transplants.  and there not enough money in weed anymore for the large scale operations.  it's mostly meth now.  at least we've got a semifunctional govt and a nice buffer between us and mexico.
Harmor
Error_Name_Not_Found
+605|6840|San Diego, CA, USA
Fuck...and I got $2100 coming back from state income tax refund that I'll probably get an IOU on...
Swan
The town bike
+54|5739

ATG wrote:

meh, your jobless rate is worse. cough cough Bend cough cough You have a bunch of feckless hippies who don't want growth anyway and narco terrorist growing large scale pot farms in your forests.
out of work loggers tbh
Mitch
16 more years
+877|6817|South Florida
Ha thats cool. Next time the government wants my money ill give them an IOU.
15 more years! 15 more years!
Mekstizzle
WALKER
+3,611|6913|London, England
Surely the loss of Michael Jackson was the Coup de grace on the Californae Economy


Anyway, America has no concept of being bankrupt/having no money. You're not truly bankrupt until you literally can't afford anything, in the mean time you guys will still build massive infrastructure projects, build tons of F-22 fighter jets and fund giant lasers that shoot down missiles.
Swan
The town bike
+54|5739

Mekstizzle wrote:

Surely the loss of Michael Jackson was the Coup de grace on the Californae Economy


Anyway, America has no concept of being bankrupt/having no money. You're not truly bankrupt until you literally can't afford anything, in the mean time you guys will still build massive infrastructure projects, build tons of F-22 fighter jets and fund giant lasers that shoot down missiles.
Next thing the US will do something foolish like sell its gold reserves
usmarine
Banned
+2,785|7053

Mekstizzle wrote:

Surely the loss of Michael Jackson was the Coup de grace on the Californae Economy


Anyway, America has no concept of being bankrupt/having no money. You're not truly bankrupt until you literally can't afford anything, in the mean time you guys will still build massive infrastructure projects, build tons of F-22 fighter jets and fund giant lasers that shoot down missiles.
ya why make a plane that people might want so you could sell it?  bad idea.  lulz


anyway, i think they are trying to stop the f-22 program or something.  swing and a miss Mok.
Mekstizzle
WALKER
+3,611|6913|London, England
All I'm saying is you guys constantly talk about being bankrupt and having no money, yet you clearly do have pretty much an infinite amount of money if you're allowed to do all these bailouts and continue to fund massive programs and do all sorts of crazy shit
Deadmonkiefart
Floccinaucinihilipilificator
+177|6998
The government can do this, but can I try paying my taxes with an IOU? NOOOoooo.  That's fair
Turquoise
O Canada
+1,596|6697|North Carolina
The time for splitting up the Union is slowly approaching...
loubot
O' HAL naw!
+470|6870|Columbus, OH
Sell more guns to drug-cartels affiliates in Mexico might alleviate the crisis.
jsnipy
...
+3,277|6814|...

Fallout3 is making me embrace the newcoming world
Harmor
Error_Name_Not_Found
+605|6840|San Diego, CA, USA
Fallout 3 is a training video for what's about to come.
Kmar
Truth is my Bitch
+5,695|6892|132 and Bush

Small businesses that received $682 million in IOUs from the state say California expects them to pay taxes on the worthless scraps of paper, but refuses to accept its own IOUs to pay debts or taxes. The vendors’ federal class action claims the state is trying to balance its budget on their backs.

    Lead plaintiff Nancy Baird filled her contract with California to provide embroidered polo shirts to a youth camp run by the National Guard, but never was paid the $27,000 she was owed. She says California “paid” her with an IOU that two banks refused to accept - yet she had to pay California sales tax on the so-called “sale” of the uniforms.
You owe us taxes on those IOUs
Xbone Stormsurgezz
ATG
Banned
+5,233|6821|Global Command
They also are going door to door to every small business to conduct sales tax audits. If you are behind and can't pay they can order you to lock your doors, like they are doing in Rhode Island.

It goes like this;
Commodities and housing bubbles
NAFTA and GAT and cap and trade
Bailouts
Collapse of tax base
Reckless government spending anyway
Collapse of services provided by local governments
Riots, civil unrest and malnutrition
Dictartorship


I am sad, this is very bad and exploding before our eyes.






I must now renounce all objection to Obama and will begin blogging government talking points as I may need a job and am interested in the Internment and Resettlement jobs program the national guard is hiring for.


People should trust our leaders to do what they believe is right. Bush supporters had their eight years, and should be advised they may be on The List.

Resistance is futile.
Red Forman
Banned
+402|5692
No more IOU's, grape.

"California Controller John Chiang said the state's new spending plan means that IOUs will stop being issued Sept. 4."

http://www.kcra.com/money/20387651/detail.html
ATG
Banned
+5,233|6821|Global Command
A budget like the one in place now will fail.

They are insane.
SEREMAKER
BABYMAKIN EXPERT √
+2,187|6860|Mountains of NC

my plan .......... repo the govs house and anyone else thats in charge ....... black list their credit score .... and start to take out a % each week out of their paychecks
https://static.bf2s.com/files/user/17445/carhartt.jpg

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