California's Fiscal Crisis: The Legacy of Proposition 13

Time by Kevin O'Leary | Jun. 27, 2009 (News Report)

The financial crisis in California grew worse this week as State Controller John Chiang warned that if legislators and Governor Arnold Schwarzenegger fail to come up with a budget-balancing package, he would begin paying California's bills with IOUs on July 2. The last time the state did this was during the Great Depression. Full Story »

Posted by Derek Hawkins

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Subjects: U.S., Business, Living, Extra
Topics: U.S. Budget, Finance, Money, California
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Posted by: Posted by Derek Hawkins - Jun 27, 2009 - 11:20 AM PDT
Reviewed by: Derek Hawkins (review), Samuel W. Velsor IV (review)
Content Type: Article
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Edited by: Derek Hawkins - Jun 27, 2009 - 11:20 AM PDT

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Derek Hawkins
3.0
 by Derek Hawkins - Jun. 27, 2009
Derek posted this story.
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Samuel W. Velsor IV
3.8
 by Samuel W. Velsor IV - Jun. 28, 2009

It all boils down to the fact that the people of California made their own mess now let them stew, and as recently as the last election- they made it worse. To Bad!!

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