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First buzzed by: anonymous

California's creditors look to options for IOUs (AP)

Thousands of vendors who do billions of dollars of business with the state of California are scrambling as major banks say they will no longer honor the state's IOUs. » Full Story on Yahoo! Finance

No other comments huh? Now is the time for "Outta Sight Outta Mind" as California sinks into fiscal and possibly social difficulties. In nursing school I was taught about how important to get out of the water around sharks when someone is bleeding. The troubles California will now have to suffer through are too humilating, really, for the rest of the nation to bear watching or hearing about too much. Americans won't want to know about that mistake and subsequent ruin. They will pretend it is not happening. Outta Sight Outta Mind.

posted Jul 11, 2009 |
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Just another reason (one of many) why communism/liberalism doesnot and will not work.
To many "FEEL GOOD" projects and thoughts with no thoughts or limits on how they will be --.
Can not pander to every group and give something for nothing as the Calilibs been doing for years.
Illegals, Welfare line baby machines, and all the you will do as we say Liberal thoughts have made Cali broke, NOW they are doing that to the USA.
Screw those Commie Bastards.

posted Jul 11, 2009 |
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Bail them out and charge them interest.

posted Jul 11, 2009 |
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when you go to pay your state taxes,car payment,house payment,or any kind of payment,hell just send an IOU,they will understand... another fine screw up of american government, a whole bunch of idiots

posted Jul 11, 2009 |
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I live in CALIFORNIA and hope this state completely TANKS!!!
We have welfare programs galore, an over zealous over bearing government that wants to control every little aspect of our lives. We have had a democrat controlled legislature and assembly for years, and the Unions pretty much run things. So all that being said, I hope california sets an example for the rest of the country to see, THIS IS WHAT HAPPENS WHEN GOVERNMENT GETS TOO BIG!!!! THIS IS WHAT HAPPENS WHEN TWENTY PERCENT OF THE STATES POPULATION ARE ILLEGAL ALIENS! THIS IS WHAT HAPPENS WHEN THE GOVERNMENT TAXES BUSINESS SO MUCH THEY LEAVE THE STATE IN DROVES!!! THIS IS WHAT HAPPENS WHEN DEMOCRATS RUN THINGS.
AMERICA,ARE YOU PAYING ATTENTION? THE SAME THING IS HAPPENING IN DC!!!!!

posted Jul 11, 2009 |
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