As California goes, so goes the nation…We’re Broke.
December 6th, 2008 . by RobertCalifornia may be out of cash in February
SAN FRANCISCO (Reuters) – California is on track to run out of cash in February or March and faces a $15 billion cash shortage by the end of its fiscal year in June unless officials plug an $11.2 billion budget gap, according to the state’s budget director.
Additionally, if Gov. Arnold Schwarzenegger and lawmakers fail to close the current fiscal year’s budget shortfall soon, California, the most populous U.S. state, may in March delay payments to its vendors or hand them notes promising payment, according to a December 1 letter to top lawmakers from the director of the Department of Finance, Michael Genest.
A copy of the letter was obtained on Friday by Reuters.
“Specifically, it now appears certain that available cash reserves from all sources will fall below the cash cushion target of $2.5 billion in February and that the state will begin delaying payments or paying in registered warrants in March,” Genest said in his letter.
“To reduce this threat, the administration is also proposing legislation to increase internal borrowable cash resources,” Genest added. “However, even with this cash solution the state will not be able to pay all of its bills in the absence of quick action on the budgetary solutions.”
Seriously this is a SIMPLE problem to solve. Stop all “Welfare aid” to those here illegally. That would be expected to save roughly 10 million dollars a day for the state. Not to mention removing the salaries of those that work in the “Give away” part of the state government, there would be no more need for them. So we are probably up to 15 to 20 million dollars a day in revenue.
Just trying to help there Arnie…
You know that old saying about
“Give a man a fish, he’ll eat once, and ask for another fish when he’s hungry again. Show him how to fish, he’ll be self sufficient and be there if you need a fish later?”
California has had a BAD habit of giving fish for nothing, and folks here have no idea how to fish anymore, why should they? The state will take care of everything… Time to pay up Arnie. Time to cut the strings. Tough times require tough actions, cutting the PD cash will cost you later, removing state funding for day care for working mothers will cost you… What will it cost you to remove the BLOODSUCKERS from the feeding trough? NADA.
Some of the reason we are in the shape we are in, (reminding ALL of you that California is the 8th largest economy in the WORLD) is because of a lack of leadership… Arnold the RINO, had the right idea, and he had a lot of support… Well until it came to actually cutting somethings, and removing some power from the liberal elites. Then the REAL Arnie came out and showed his Compromising side, it has been headed south ever since… Good luck to the states with fewer resources than WE here have. Can’t wait to see how the Demorats FUCK up the nation some MORE.
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Not so fast.



