California Runs Out of Money Issues IOU's Issued 2009

I like your videos. They are clear, concise, informative, and very real. Appreciete the videos. You seem very intelligent and aware of the situation. You seem to be reporting it differently then the mainstream media. By the way, for 2009 CA just raised your state tax income rate to 10.55%. That means if you are at the 25-28% federal tax rate your paying that plus an additional 10.55%. They are also trying to tax my business. I'm not sure how much longer I'm going to stay here.

I just had a job offer from a company in northern California for 90k a year. I'm afraid to take it, given the tax rate...should I do it?

With the taxes and living expenses you are only making minimum wage.

Our vids are related. Yours is more popular darn it.

~ Fer

It has been years that God has been warning California with fires & quakes but noone has paid heed. There is so much evil in this state, starting from lust, greed, Hollywood immorality, homosexuality, drugs, you name it. It is like another Sodom and Gomorrah, and unless one does pray & repent, & stop being so materialistic, it is going to get worse for all in CA. The devil is working hard, and unless people don't return to their roots and all that is God, their lives will be in financial chaos.

But california passed prop 8,I mean there is no gay marriage in this state.

these six states passed gay marriage laws(CT, IA, ME*, MA, NH*, VT*) and there doing well.

hahahahahh @sharingideas

nice troll work! I like a good troll from time to time

Right on dude--you CANNOT declare bankruptcy on student loans. A student loan is like a loan from the Mafia--you cannot default on it and you will take that debt to the grave or until it's paid with interest and fees. It's worse than "SAW 4". It is NOT likely that the law concerning student loans is ever going to change any time soon.

Even health care jobs are not immune to the recession--it's hard to find a healthcare job in Michigan because the state has no money and hospitals have no money. There's only one growth industry now--collection agencies going after credit card and student loan debt.

I just got an IOU from California. Shit! Where did I put that? I think I lost it!

~ Fer