Monday, February 2, 2009

World's 8th Largest Economy Close to being Forced to print IOU's


Lack of proper financial management put California in a position to print IOU's for debts, payments
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2 comments:

  1. IanFebruary 3, 2009 at 2:51 AM

    This is sad. I'm glad Texas is a bit more responsible with its finances.

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  2. FourpointFebruary 3, 2009 at 3:19 AM

    Yup, Austin has over $6.7B in the rainy day fund...Proper planning pays off! And they are looking to trim the fat too right now.

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