California’s budget shortfall isn’t just an abstract problem involving some out-of-whack numbers. It’s a serious crisis that’s threatening to hurt people in the wallet — in July alone, the state is talking about handing out $3 billion in IOUs to everyone from contractors to welfare recipients.
How exactly did California get into this mess, and what [...]
1913 Intel
Your world at risk. How the impossible becomes the inevitable.
Meltdown 101: California’s budgetary troubles – BusinessWeek
Posted by Matt in July 1st, 2009 | no comment
Published in Economy, Financial, Abstract Problem, Arnold Schwarzenegger, Blogged, Budget Shortfall, Businessweek, California Meltdown, Flock Browser, Ious, Meltdown, National Recession, Out Of Whack, State Lawmakers, Wallet, Welfare Recipients
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