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
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