From the MUNICIPAL's File...

[vox]

http://blogs.sacbee.com/capitolaler...-run-out-of-cash-in-march-without-action.html

Cali is out of cash in March!

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.

 

[pmbug]

Aren't they currently operating on loans? In reality, they ran out of cash a while back. Now they are running out of credit.

 

[ancona]

I think they should rummage under the couch cussions.....surely there must be some change there?

 

[DSAbug]

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?

 

[pmbug]

...
Now.. who the hell is going to buy their debt this time?

 

[DCFusor]

Makes you want to

 

[DSAbug]

Makes you want to View attachment 40

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