Monday, December 22, 2008

California is running out of money

Today after the market closed, CNN ran a breaking news headline saying that the state of California will run out of money in 70 days. 


They want a bailout as well.  

Where does it stop ? Where does it end ?    

California must raise taxes to offset any shortfall. End of story. 

I would hate to see the fed give them money that they will completely spend and have the governer say " I'll be back " for more........

Can this year get any better ?

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