California is Going Bankrupt and is 2 Months Away from Running Out of Money and Will Mostly Send Out "IOU"s for Tax Returns

[christschinwon]

Arnie is an economic girly-man

[gato123452]

why are people blaming California? California is a state not a human blame the people who run the state because you guys just seem like 10 year old stupid idiots

[jamieblond1]

California elected an inexperienced muscle-bound egotistical jackass, who earned a living pretending that he's someone else, to be their governor.

What could possibly go wrong?

[HoGraz]

@jamieblond1 Right. We should blame him. He is a Republican after all. Republicans love to make simple minded correlations this problem in California. I assume the fact they are buying energy from Colorado doesn't help. My state of Tennessee has federally subsidized energy from TVA so we're ok on that. We have good jobs. More unemployment, shittier labor laws, 4th worst education, but we sure as hell have that budget balanced. Oh wait, not. Shit like this never makes news for a reason.

[HoGraz]

@jamieblond1 I mean it's not on par with California, but problems in red states are never addressed by the media. Oh well we became so great because of FDR but we have to pretend it's our dumbass Volunteer attitude.

[nufive1]

California only thrives on what God gave it. It's government thinks itself it God and every dollar belongs to them.

[danielcooper1000]

SBX211

[LesPaulCustom79]

FUCK California!!! Let them shrink their government down to nothing, cut their stupid moronic high government pensions and take a big bite of the Dumbocrats SHIT SANDWICH, just like the rest of us.

[LesPaulCustom79]

If Congress bails out the California socialist, there will be a REVOLUTION BY THE PEOPLE of this country.

[LesPaulCustom79]

California needs to just ROT, like the big basket of bad fruit that it is!!! You bunch of liberal. socialistic, moronic, idiots made your pig slop. Now wallow in it like the liberal piggies you are.

[n310ea]

NO BAILOUT FOR CALIFORNIA!!!

It's their fault they went broke, they brought it on themselves!

[lonewolfmilitia]

Obviously not feeling the pain in Sacramento because the Democrats just proposed a 91 billion dollar budget with a 84 billion income next year. The reps came back with a 84 billion dollar budget. If the first is passed gues what you the working and shopping for luxuries like food will have to eat less to pay taxes to pay the shortffall. We need to loose at least 15 democrats or more to escape the pit.

[indiasucksalways]

Fuck the environment - that's the BS that got us into this shit. Ramp up the factories and start belching those fumes.

[98770]

@indiasucksalways  without very stringent quality checks we would still cannot compete.

[columbusdinner]

So this is probably a bad time to move to California huh l0l

[freedomatwhatprice]

I have family that live in California. They all have good paying jobs and they aren't even worried about any of this shit. Funny how the media will make things seem worse than what they really are.

[blackshogun77]

@freedomatwhatprice thing is freedom, not everyone has good paying jobs. Most have minimum wage jobs so even though you and your freinds arent worried, alot of people are. Think about more than yourself and dont be so selfish

[warsun99]

Thats because you dont produce anything.How the fuck does a Highway generate money?

[Keither9]

If you want equality between sex obliterate the law. Sex Laws cause division and are unconstitutional but more over, wasteful. Putting any person in jail for sex is the most wasteful thing anyone can do. Sex is not murder its nice and the freaks that thought different are dead wrong. Free political prisoners around the world now becaue people that like sex are more sound minded than people who don't and people who do are sounder in mind.

[jewishwarrior666]

Must be nice when your state is going bankrupt and people will go hungry but as the governor you can put all that pass you and go on vacation. NICE!!!

[reno573]

PLEASE!!

URGENT!!

I live in the UK, can I become bankrupt while in jail. I need to know urgently!! Remember i live in the UK, whats the law? Can I become Bankrupt while in jail?

[wyecee]

And agriculture is fresh and better from other states, not spoiled imported from Messico.

[wyecee]

It's the state's peoples egotist and self-centered personalities everyone hates. So 5th largest economy and acting like they're 1st, but bribing the federal government on their own liberal misconduct? To close the deficit gap, deputies robbing people for the weirdest charges for one thing, just all examples of what not to be in this country. What rank is New York's economy?

[audrapriscilla]

1 yr later and still no bankruptcy!!! Was this all crap just to try and grab government money?

[realkingkado]

@audrapriscilla $40 billion+ in debt, ye Cali is beyond bankrupt just like the entire US phony ponzi economy where its at a point of never being able to pay of national debt.

[drewd1987]

Californians are fucktards..

[wyecee]

Are you saying they're an inferior race?

[drewd1987]

I don't know if you're a normal person being sarcastic or a Californian being serious..

[wyecee]

Yes, I'm from California, I should know. We are the WORST hated state, seriously. I grew up from Ohio. My question is "Do you hate Californians like we're threats?" I'm a bit ashamed to be here, too.

[drewd1987]

Liberals fail to see how their policies have ruined their states economy, and now they blame Arnold, easy Republican scapegoat. Liberals are frustrating as hell, as the only rhetoric they can come up with is "If you don't like this or that, you're racist"

They think that if you make guns illegal that will put an end to all voilence everywhere, but they never think gee, guns will still get in, just like cocaine and heroine etc.

And the environmentalist and animal rights (contd)

[drewd1987]

They put environmental (usual made up shit by Al Gore) and animal rights over helping people.

They also don't understand how horrible the healthcare is in the UK and Canada. The follow shisters like Michael Moore and Al Gore, etc. I mean look at California's congress. They're fucking morons all of them!

Then there's scientology and I'm not even going to get into that evil cult, responsible for child abuse, brainwashing, labor law violations, infiltrating government agencies -op snow white

[escalia33]

Youre a fucktard, You get to visit You Tube due to your Dell or HP or Mac because guess what It's Californians who invented them. And if you have somehting else It will have Intel or AMD processors to run them, I guess having the 5th most important economy in the world is bad. Remember if California fails the Whole US fails, we produce most of the Agriculture you eat moron and the Technology that keeps you smart dumbass.!!!

[drewd1987]

Done ranting, moron?

If you think so highly of California's political and economic decisions, then stay there and keep your ideologies with you :)

[Dilbet57Wombo]

if u watch fox you would've know how bad the farms in california are getting

[xj2yzz]

Look california voted for reagan,will california ever learn?

[wyecee]

No.

[wyecee]

Investigate Schwarzenegger! You'll pick up a stack of $100,000 that falls out of his pants legs.

[Filmmusiccomposer]

I would like to say "Thank you" to California, for having your priorities in order.

I received my IOU the other day, and though I am self employed and desperately need that money to buy food and put gas in my car, I am much relieved that you chose to spend it on Michael Jackson's memorial.

[Rickdeckard2020]

"The only solution is to increase State TAX again and cut-off all public handouts= No More Welfare, No more free education, no more free health care"

Cutting welfare and services during a depression is the worst timing possible causing demand implosion, if bonds can be issued at interest(which you pay with taxes) no interest IOUs are the best solution when times are bad. Blacklist and take your money OUTof banks that refuse IOUs, community banks and credit unions do accept CA IOUs

[pshinspections]

DOUBLE STATE INCOME TAX, AUGUST 1 2009 THROUGH JULY 31 2010, FOR ALL INDIVIDUALS EARNING MORE THAN $1,000,000 PER YEAR.

State budget balanced.

Why Aug 1st instead of all 2010? Do it now and people can't weasel out of it by hiding W-2 income... their 2009 W-2s are already in the can, and they are unlikely to change gears to avoid this tax in mid-year... especially with CA's income tax fraud unit.

[hindwood]

The only solution is to increase State TAX again and cut-off all public handouts= No More Welfare, No more free education, no more free health care and no Illegal Employment or Impose 50k penalty mandate guaranteed tax garnishment. Raise current income for jobs Illegals take so Americans will do than offer those Americans who take those jobs tax-breaks, not to those companies who hire illegals

[temanyada]

lol , wow is our country dumb

[wyecee]

It wouldn't be as dumb without California.

[wyecee]

If you lived and grew up there, you'll say anthing to make it look good. I've seen annoying comments like "California is the 8th largest economy". I don't get that. Why aren't they the #1 economy? Their so-called jobs of hustling, company frauding, and so much burglary cases. What other state is normal like this?

[Scott19seventy5]

Your state is about to collapse and you go on vacation....OMFG!!!!!!!!!!!!

[muiere2]

easy for Arnold to say .....but look at the mansion he lives in...douche

[DARIVSARCHITECTVS]

FUCK CALIFORNIA AND FUCK OBAMA AND CONGRESS! THEY DID THIS SHIT!

Time to flush the Washington DC toilet! POLITICIANS IN CONGRESS: Your days are fucking numbered! We the People are COMING FOR YOUR JOBS!

[gato123452]

@DARIVSARCHITECTVS i think the congress is ruled by American people not aliens from other worlds. and i don't think you want to fuck Obama or California because that's a state not a woman. and California is run by retarded Actors from other countries

[Americanclusterfark]

Kalifornia there you go, right down the old poop hole.

It's been nice knowing you and now you only have yourself to screw.

Soon your food will run out and people will be shouting out.

Arnold is a RINO without a clue and the democrats have screwed you too.

So fuck you and your IOU's you have fucked yourself and turned really blue.

[gkgreger]

Schwarzenegger is a bad actor to. Turns out he's just another London owned Wall Street prostitute that will blow any rich shareholder to get ahead. THERE IS ONLY ONE SOLUTION NOW. YouTube Search; Webcast Excerpt A Monetary vs Credit System

[wyecee]

He's dumber than beavis and head, and becoming governor just rubbed it in.

[AtlasShruggery]

I'm familiar with the process. The big problem is the state constitution which will need to be replaced once Der Gropen Fuhrer is gone.

[AtlasShruggery]

This is why we can't let Republicans like Ahhhhnold touch the money.

[hecker1982]

legislature holds the purse strings. Get an education.

[gkgreger]

To have a good economy, you need raw materials and people who are willing to work. We make consumable products that people need and desire. That's why we must get all our industries back that free Trade Globalization has outsourced. Screw the Wall Street parasitic shareholders. There gamblers. Send them to Vegas. Lets get back to basics and Create a Real Physical Economy like we had under FDR. Lets support leadership that will actually get us there. google LarouchePac Home

[WolYou]

We don't need leadership. Leaders are corrupt. All of them. You need a strong base. Good economy is, when people don't need to work. Because the goal of economy is to free peole from work. Thats what the economy is for. Your model is a slavery state. You're working for a rich elite without any choice if you want it or not.

[twistedwest1]

well if you want jobs and a good economy lets go to communism but the peaple wont be happy

[jfmayer]

damn, it's good to live in Canada

[jockeyhanes]

i agree with you, it is actually my dream country, but destiny brought me here in germany.

[mike6459]

California have a bigger economy than Canada and remember the US is Canada's biggest trading partner and as California goes so does the rest of the US..

[twistedwest1]

well if americas gets fucked thats meens bad for canada we buy 75% of your products and exports once we cant buy them there goes your jobs then your fucked

[jfmayer]

you may be right my friend, that's why we have to more than ever look

for european market. This is where it's at. For

too long we depended on Americans. it's time for a change.

[alyr315]

Why would Europeans want your exports. European countries have all that Canada has. Gas, auto industry, etc. Canadian climate prevents any type of major agricultural development, so if America collapses, so do Canadians lose their jobs. Dont you think the business comunity hasnt already tried looking for other markets than the United States?

[alyr315]

Canada is not much different from USA. Overtaxed in some parts. Over-regulated and becoming a police state. The Canadian Tax Dept is no different than the IRS, they both suck you dry and take more than half of what you make. It's not as fascist as it is in USA, but it's surely marching towards that. Dont let the Media guide you.

[creepsniper]

Dont worry folks. He's gunna fuck every city and county out of money, he's gunna raise your taxes anyways. Californias socialist programs will be paid for, I guaranfuckingtee it. Why not cut off funding to drug rehabs. programs to illegals, free college and fix mortgages for those who shouldn't have recieved loans in the first place. You will all be fine.

[knutervalve64]

in the news last night not happening , so Arnold says no more welfare and closing all parks this month up ........july

[creepsniper]

Good! Or at least take care of the parks.

[knutervalve64]

nope ..he will be cutting all funds ...always a 1st to be cut... thousands have already left the state

[creepsniper]

Good, they're smart.

[knutervalve64]

smart.. but it really sucks moving !

[creepsniper]

I bet. California is a beautiful state. I lived there for 3 years when I was in college and get to visit annually. Best of luck to you.

[peacehonesty]

Isreals Agression & resulting Problems shoud Not be an ongoing Multi-Billion Dollar Liability on the U.S. Tax System...while Domestic Programs and States Go Broke!!!

Isreals Problems come from Land Theft, War Crimes, Raceism & Palistinian Genocide, Corruption of the U.S. Political System by Isreals AIPAC, and Defiance & Military Attack on the U.N..

STOP financing Isreal with Billions while the U.S. Goes Broke!

Get Isreal & AIPAC out of the U.S. Political & Tax System.

Isreal is Theft.

[NYredwhiteandblue]

hahaha.. yeah thats the answer... TAX more..hahahahahahahahahah

[doomedamerica]

haha..i love it..finally ,prayers answered,calif going down!..filthy perverts allow same sex marriage,the filthy movie stars and all of your other evil devices..who cares and good riddance,we dont need you calif,and your over glamorized cess pool

[DMCpro6944]

Where is the terminator now, to save the world? What an amazing selffulfilling prophecy this is!Armageddon has started!

[DMCpro6944]

Hasta la vista baby !! II'L be back!!!

[GettingtotheTruth2]

California owes me almost $500

(I filed on 2/21/09)

Basically the latest response (2/21/09) was they have NO IDEA when I will receive it and (also according to their website), I will only start receiving interest 45 days after 4/15/09 which means 6/1/09.

Normally, state refunds are processed faster than federal (I received my federal refund today), so hopefully the state refund will come soon.

[GettingtotheTruth2]

Well, I think the stimulus is helping already,

because the latest word today is that returns are now being processed and to "allow 25 business to receive the return."

[elmo4777]

in MI it bad too

[LLW72450]

Kansas is having a budget crisis of their own. And Kansas is a very red state. Luckily, my state of Arkansas has a budget surplus of 350 million dollars. But then again, our education system is one of the worst in the nation.

[LLW72450]

Also, we are projected to face budget problems of our own by next year. Looks like America as a whole is doomed.

[elmo4777]

yeah because of obama he wants to spend all the shit that we have left and give it to people who will not get off there lazy ass and find a fucking job. i know it hard to get one but at least fucking try! bush fucked this up along with bill clinton every thing was fine when ronald reagon left then everything pissed it self

[BANGSHANG123]

people need there money is not our fault for going into war we dont even move nothing like that is the goverment and that fucking stupid ass bush whu build this crisi and no we people are suferring for the fuckign mistakes ... and now they are using our hard work money to fix there fucking mistakes fuck that .. we need our money espicialy with this fucking crisis

[7514328]

You are right on! How about the 250,000 homeless Veterans of which 50 out of 100,000 commit suicide each year? They don't know what to do with the troops overseas because if they come back their will be more economic disaster. There are no terrorists to fight so we keep moving them here. Moving them there. Because if they come back home they will become homeless. 2/3 of the entire U.S Government needs to be fired. I don't need them in my life and they cause too much interferances. U.N must go!!

[Garrett4JesusChrist]

WICKED STATE!!! You get what your hearts desire!!

[GettingtotheTruth2]

I'm not sure where the confusion comes from--aside from people's deep seeded racism.

To keep with the facts, you have to be an American citizen to receive food stamps, social security, medicare and general relief monies. The ethnic breakdown of recipients in the state is approximately 50% African-American, 40% Caucasian and remaining 10% is everyone else (Latino, Asian, South-Asian, Mid-Eastern, Indian).

So the idea to blame illegals for the welfare system is incorrect.

[7514328]

You may be incorrect with some facts. I just applied (after 23 years of work) for social security disability. You need not be a U.S citizen to apply and receive benefit.

[GettingtotheTruth2]

You need a social security # to receive benefits.

In order to receive a US social security #, a person needs to be an United States citizen

OR

have proper immigration "status"

(I assume you're the later)

So, the original point still holds true--

that it is erroneous to blame "illegals" for using the welfare system, because "illegals" can't use the welfare system.

But I appreciate your comment--so information could be made clearer to everyone. Thanks.

[7514328]

GettingtotheTruth2. You are correct. I am a U.S Citizen and understand (now) the proper immigration status to use the welfare system. Have you ever noticed how much mis-information is floating around these days? This concerns me because the Government (in many aspects) feeds off of this. This needs to change. Sometimes I wonder what has and/or is happening to america. Even people who have immigrated here are unsure about the future.

[GrenadeChick99]

Well guess what? I worked for California Children's Services, that gives medical benefits beyond Medi-cal, etc., for children with catastrophic illness. Immigrants that were in that county illegaly DID apply and RECEIVE hundreds and thousands of dollars in benefits. One man actually admitted he forgot WHICH social security number he should GIVE, since he had FIVE! This was right in front of me. His child got help and citizens got turned away when the money ran out.

[americaOUTofTIME]

Criminals have done this by plan, why do you think they have put 86,000 troops in Cal.

[wickedn209]

we should throw im outta office incompetent fuk(swhanegger)

[Krazedkarl]

And that's what happend when you vote for a dim Hollywood actor. :/

[richypc]

because its just a california economical problem and not a world wide problem....right????

[greyhoundfriend123]

Arnold is on vacation.

[joeb1963]

Hey Arnie, there are no jobs! All your rich,greedy selfish ignorant buddies sent all the jobs over seas for cheaper labor you schmuck!

[InTheSticks1881]

In my last year as a civil servant, I cut spending by 20% in our divison and because the bosses were embarrassed I was punished. This is how it works in government folks. They punish success and reward failure because they feel their position is threatened. There is no real but only imagined incentives to save or cut spending. This princlple is so engrained in government that it cannot change for the better until it destroys itself.

[darkkittycry]

A Neo-con Nazi as the governor for the first state to go bankrupt...coincidence?

[lapmedong]

Cheat on your Federal tax to make up the difference lost on your state refund.

[PeekaPeep]

Man, if this isn't the signal to finally move out of that state, then I don't know what is-lol...

[Anythingwilldo41]

All states are in the shithole right now, not just california.

[shardy70]

california is so flawed

illegal aliens using up all the county services

no work to be found in the larger southern cities

and now a damn "IOU" from the "governater" and

the state treasurer...?

i think CA needs to dumps it's GOP leftovers

(ie: the moron we currently have in charge the state)

when he is up for re-election

there is no chance he will get my vote

he needs to GO.

[Terri4law]

Another Bush????? and yes California should go after a bail out. People have bills to pay. Shit he is f*cking rich his bills aren't going unpaid, our f*cking bills are going unpaid. I can't believe this sh*t.....

[dronus]

this fucking sucks balls man...I guess I'll get an IOU then...

[davecros]

Actors are the best at creating an illusion for people. Actors of course, don't really know how to do anything other than pretend that they know how to do something.

[thegreatcrates]

WHY DID THEY ELECT AN ACTOR?

[phackqu]

stop having piece of shit jobs aka walmart,star bucks ,etc hiring with cheap wages,Fuck the monetary system!Resourced Economy NOW!!! The Zeitgeist Movement com

[annielwhite]

STOP WELFARE, FOOD STAMPS and social programs make people work for themselves. Stop Income Tax & the Federal Reserve. I hate california

[HopeValleyRI]

Well, we agree on something! I hate CA too! I lived there fro 30 year, best thing I ever did was move out of thst rat hole.

[las3rbl4ster]

most people on ssi spend the money they have. so they are not as leechy as it first might seem. the real problem is medicare. medicare spends out 10 times what welfare does because of money mismanagement.

[HopeValleyRI]

Bring back Gray Davis! haha!

[annielwhite]

fuck gray davis

[HopeValleyRI]

Arnold is all show no action. No Governor can fix the tax and spend policies in CA anyways.

[owensaruba]

Vote everyone out! Send nothing but newbies to office, maybe they will read the instructions, state and federal constitutions. And for fucks sake stop electing FUCKING lawyers! How many times do you have to get screwed by these pricks before you wise up?

[owensaruba]

Look into California Comprehensive Annual Financial Report (CAFR). This is bullshit...out of money! This is the scam; You make $100,000.00 a year but only budget 23,000.00 for household expenses when it actually costs 33,000.00. Then you tell everyone you are over budget (deficit) therefore broke and cannot pay your bills. Here is your IOU, SUCKER!

The Federal Government does this too. Every news agency gets these CAFRs and don't even read them or go along with the lie.

[Faztlan]

COME TO TEXAS!!! We Got the OIL!!

[lhornjunkie]

well california if you owe taxes send in an IOU as well works both ways only solution is 20% cutbacks across the board this means chp

fireman no won will be spared just like the private sector time to send pig spending to slaughter

[xSammBAM]

END THE FEDERAL RESERVE.

STOP THE USE OF OIL!!

GROW HEMP and save the planet...

the problems human face are not going to be fixed by politics or higher taxes... just pouring salt in the wound.

[annielwhite]

i agree with everything but one, you cant stop oil. oil is used in more than just gas. We need in for somethings.