California To Run Out Of Cash In One Month, Controller Warns


If anyone is tired of the daily European soap opera with surrealistic tragicomic overtones, they can simply shift their gaze to the 8th largest economy in the world: the insolvent state of California, whose controller just told legislators has just over a month worth of cash left. From the Sacramento Bee: "California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today. The announcement is surprising since lawmakers previously believed the state had enough cash to last through the fiscal year that ends in June."

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lost_and_found's picture
lost_and_found's analysis:
Wow, what are the odds, we just had a military exercise in California to prepare for "urban environments" and coincidentally California will run out of cash by early March. What do you think will happen when people can no longer get their government checks?

in_his_glory's picture
in_his_glory
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Joined: 12/12/2011
Posts: 120

Lost

I agree with you this is more than just a coincidence they are preparing for mass hysteria.

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