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Old 01-31-2012, 07:31 PM   #1
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From the MUNICIPAL's File...

http://blogs.sacbee.com/capitolalert...ut-action.html

Cali is out of cash in March!

Quote :
California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today.
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Old 02-01-2012, 06:46 AM   #2
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Aren't they currently operating on loans? In reality, they ran out of cash a while back. Now they are running out of credit.
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Old 02-01-2012, 06:53 AM   #3
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I think they should rummage under the couch cussions.....surely there must be some change there?
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Old 02-01-2012, 09:07 AM   #4
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They are running out of credit because they put forward a false budget to get the extended credit they now have. That only lasted 8 of the projected 12 months.

Now.. who the hell is going to buy their debt this time?
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Old 02-01-2012, 09:12 AM   #5
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Originally Posted by dereksatkinson View Post:
...
Now.. who the hell is going to buy their debt this time?
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Old 02-01-2012, 09:51 AM   #6
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Makes you want to wallbash.gif
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Old 02-01-2012, 03:32 PM   #7
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Originally Posted by DCFusor View Post:
Makes you want to Attachment 40


It wouldn't be so bad if it wasn't so damn true.
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