The leftist state of California has gone bankrupt. This week the California government, led by RINO Governor Arnold Schwarzenegger, California announced this week that it is unable to pay its bills. State tax refunds due to Californians are being delayed for at least 30 days because the state is broke and can’t pay, according to State Controller John Chiang. Read Yahoo news story
. California is also unable to pay its bills to businesses who sell goods to the state. They are giving businesses an "IOU" saying that they will pay later. The definition of "bankruptcy" is having diets that you can't pay. California is bankrupt.
California is not alone. Dozens of other states and the US national government are rushing pell-mell toward bankruptcy. US President Barry Soetoro, a.k.a. Barack Obama, is pushing hard for Congress to enact another trillion dollar pork bill aimed at robbing the people, putting America’s wealth into their pockets before the economy collapses.
The row of dominoes is starting to fall. Stockpile trade good.
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