California State is Bankrupt!

California State is bankrupt and has NO water

What the hell?  These are scary times...

The state is issuing everyone IOU's because they can't pay anyone. 

I am going to Disneyland in May so hopefully everything will be cheap because they are trying to get people to travel there and spend their hard earned cash.

Arnold Schwarzenegger must be pissed..

He should have been "pumping up" California but instead they are in a state of emergency.

California is also running out of water!

"Calif. facing worst drought in modern history" says USA Today

California has a population of way over 30 million people so they must be really hurting.

According to the Los Angeles Times, Arnold emailed the U.S. Treasury Secretary Henry Paulson on Thursday, January 29th 2009 and it said that California might need an emergency federal loan of up to $7 billion within weeks. 

Now that is scary!

How about Oprah give them some of her money? :)

California's deficit is between 17-20 billion dollars. 

Arnold is planning to cut 200,000 people's pay down to just $6.55 an hour.  How could anyone live on that?

Apparently it will save the state 1 billion dollars a month though.

But what will that do to the average hard working citizen?



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