"State Controller John Chiang has warned that California will run out of cash by late February unless state leaders act swiftly on the budget. Starting Feb. 1, the state may issue IOUs as tax refunds to millions of Californians. It may also issue IOUs as payment to local governments, state vendors, judges and lawmakers and their staffers."
Kalifornia has always been a trend setting state. If it actually comes to fruition there, you have to wonder how long before this trend sweeps the nation...
Schwarzenegger Urges Action on Budget
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Posted - 01/16/2009 : 17:17:59
