[N8 v2.0]

owe noes!

http://www.latimes.com/business/la-fi-calif3-2008oct03,0,5726760.story?track=rss

California faces the potential of a perfect storm created by the financial crisis' effect on liquidity, lower-than-anticipated revenues currently coming into the state, and our late budget. The governor is taking steps to prepare for this scenario to ensure that the state can make critical payments."

But those payments won't be forthcoming if the state can't do routine borrowing. For now, "the window is shut, and if it stays shut, we are in deep trouble," said an administration official, who asked not to be identified, citing the sensitive talks with Washington.

 

[manimal]

cool, maybe they'll evict CA from the union for failure to pay.

 

[N8 v2.0]

cool, maybe they'll evict CA from the union for failure to pay.

Mexico repossessing it?

 

[syadasti]

Why don't they just expand their marijuana program?

 

[blue]

cool, maybe they'll evict CA from the union for failure to pay.

I'm not opposed to that...losing 13% of your GDP might be a bummer, though

 

[Samirol]

Why don't they just expand their marijuana program?

actually, legalizing marijuana and taxing it would bring in an extra 12 billion dollars or so

 

[X3pilot]

actually, legalizing marijuana and taxing it would bring in an extra 12 billion dollars or so

Not to mention scaling back the amount of money the defense department spends on that 'other' war, the war on drugs.

 

[valve bouncer]

This is what you get when you let foreigners run things.

 

[stevew]

the price of smug.