California is now $42 billion in the hole and the end comes Jan. 31st....that is the last day the state will be issuing checks for tax refunds and most services

Instead you will get a piece of paper from a bankrupt state that says the state owes you money and will pay you sometime in the future.

http://www.worldnetdaily.com/?pageId=87175

"Federal law requires that many school and healthcare programs – a total of about $6.6 billion in California – must be paid, the Los Angeles Times reports, so Chiang has announced an expected payment freeze on $3.7 billion worth of the state's bills, most of it refunds owed to taxpayers.

But even with the freeze beginning next week, the Times reports, California will still fall $346 million short for the month of February, forcing Chiang to consider something only done once since the Great Depression: issuing IOUs. "


to the liberals!

This post has been edited by playr158: Jan 28, 2009 - 10:10 AM

wow, just wow. no wonder they are asking me for my tax return info from 2005.

NEW WORD FOR TODAY....


>>UGH!!!>>

This post has been edited by easternpiro1: Jan 28, 2009 - 10:52 AM

Damn.... I had heard that this was probably going to happen, but I was hoping it wouldn't Sucks for everybody that lives in California. There are some people there that will be just fine, but then again there will also be people that really need that money...

YOUR MONEY..................


















it will not be back.

Doh! At least they're better off than Iceland.

so does this mean that i dont have to keep paying taxes if i dont get any back lol damn cali i hate this place

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Haha yep. California gets to keep taking your money and you won't get a penny of it back.

>



This post has been edited by richee3: Jan 28, 2009 - 3:51 PM

Damn, it looks like cali is going to shaft its residents.
Hey, at least you have good weather

No wander here in the UK there're been more and more holiday to Cali ads on TV.

wow CA SUCKS, i wonder why my parents chose this state out of here.
CA TRAFFIC LAWS in AMERICA=WORST+ BUDGET DEFECIT=HUNGRY money TAKERS

Grape shut up..hahhahahha


Every state has problems....NY-pollution/overcrowdedness,FL-hurricanes,Wyoming-snow,WA-rain.TX-bush, CA-budget/hippies...

This post has been edited by CelicaST_CALI: Jan 29, 2009 - 12:40 AM

i was reading about the whole country eventually going bankrupt and what is there to do then but transfer to a different currency? i keep hearing about teh amero... which will be valid in US, mexico, and canada... uh oh.

I hate CA Life, but the messed up thing is, WE PAY A GRIP IN TAXES AS IT IS!!!!! When gas prices went up, who paid out the arse? We did, NY, and FL. While all the other states were chillin' at a buck and some change. This is bull!!! Now we are playing with friggin Monopoly money. Once school is done, I am leaving. Screw this place.

^ come to canada, we are pretty sweet, and we have GT FOURS......that alone is good enough reason to peace lol

He was sent back from the future with only one mission.....

























to take your money away... On theathers now....

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Haha Illinois had it pretty bad too. We sat are $4 something for a long time up until recently. I could go across state lines to Kentucky and it would be $2 something... But hey, on the plus side, Illinois will not be issuing IOU's, even after Blagojevich has taken everything.

>


Shoot! If you guys let me in!

I bet it is hard as hell for an American to get into Canada. But I would have no problem moving out there. I hate snow, but small price to pay in my eyes.


I wonder if I go gambling and not pay taxes on winnings, because I can have my SS card on me. Then when they IRS asks for money, I will send them a piece of paper that says "I OWE YOU". Hhhmmm..........

This post has been edited by Random_Stranger: Jan 29, 2009 - 2:15 PM

^ on that note, I do want too/plan to sometime in the future I like it up there.... the imegration works on a point system like you have to qualify for 40 points (ish) to get in, or you can go on a work visa. points can be issues based on school education level (degrees), financial statusI think you get single point for speeking french too (from what I remember anyway. may not be complteatly accurate.)

Sux for Cali..... I figured govanador should (should have) be in the next terminator and donated his % to the states botton line quality charity work can make the diff.

we have like the highest cost of living and now we are gonna be broke like mother ****ers... dam soo many businesses are going to go under. This is kinda scary seeing as i go to school on grants, I wonder how long before they cut all of my grants dayum. Nas says "drugs kept the streets from starving!" haha random comment.

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i feel u, unless i land a job that pays 60k + right out of college,
other then that with my bachelors im teaching english in japan and driving a skyline in the NICE roads on mountains MWAHAHAHA!

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sad point - the grant my g/f got to go to school got dumped, it was gana cover a full year going for a spacific cert in child education 1/2 way though poof money gone.

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!!!! another fellow, that knows about amero on 6gc, ****! hell yeah ure with me.
READ HERE: ive got an A on my ECON FINAL due to this.....and this is college level.
This is a really strong theory thats being taken in action....Bush i think in 06 signed the north american union bill, which HAD NO MEDIA COVERAGE WHAT SOEVER...
anyways i think dollar is soon gonna be like the sterling and lose LOTS of its value, pretty much robbing americans due to the FED printing money and with Obamas new stiimulus bill, it will make america CONSUME more and SPEND more, the PRIMARY CAUSE why WE are in a recession...this will lead to a depression, and with Obama being the new "change" everyone sees(built by corporate banks i believe), America will listen to Obama and think he will take care of it, in which he creates a new system, a new currency the AMERO...
NOW if this happens, i know for a fact America is controlled by people who owns banks.....im still waiting for this to happen....im still researching.
but if u guys really want a solution to this economic mess, LISTEN TO RON PAUL.
ESPECIALLY on ECONOMICS.

listen to ron paul...mrgrape its nice to know u havent lost ur "grapeness "

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I just thought about this and wondered the same thing! How the hell is the pell grants going to be funded?! That's what scares me, because I am going to school!


Creis, does that point system work going to there or only if I were there getting those degrees. Like, would you happen to know if my degrees and certifications would count towards anything there? Or should I just try to go there, maybe see about work somehow and try to make it that way? Because I was told it takes 15 YEARS for citizenship there.

i thought grape said ru paul!

We should legalize marijuana and let California tax it for a while..lol.

;P