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California in deep trouble.

Started by Serious, October 04, 2009, 02:35:00 AM

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Serious

QuoteWill California become Americas first failed state?

Los Angeles, 2009: California may be the eighth largest economy in the world, but its state staff are being paid in IOUs, unemployment is at its highest in 70 years, and teachers are on hunger strike. So what has gone so catastrophically wrong?

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http://www.guardian.co.uk/world/2009/oct/04/california-failing-state-debt?CMP=AFCYAH

Looks like its down the pan? Advice for the Terminator?

bear

Poverty and people without helthcare is nothing new in Carlifornia, there were a lot of poor people in 70-80:s when
I lived there, but now it is really escalting !

Sam

I thought they had passed the budget last month and so arent the Guardian a bit slow on this ?