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Politics : The Obama - Clinton Disaster

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From: John8/12/2010 1:17:01 PM
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Mexifornia facing more IOUs!

nbclosangeles.com

excerpt:

AP State Controller John Chiang said Tuesday that without a state budget, California's government would be unable to pay its bills in late August (or maybe early September). That means issuing IOUs to some people. Possible dates for IOUs could be either Aug. 27 or Aug. 31, when big payments to schools are due, according to this schedule on the controller's website.

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Big banks have already said, "no way, Jose!"

articles.latimes.com

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This is ending badly, my friends! Obama's marxist regime is making sure of that!

How much longer until people, institutions, and entire nations stop accepting worthless U.S. dollars, too, and demanding gold or at least something tangible instead of worthless pieces of paper like IOUs or clownbucks from a bankrupt nation?

How much lower will America sink into the bottomless abyss under Barack Hussein Obama and the growing scourge of undesirables?

How much longer until Mexifornia defaults on their financial obligations, including dishonoring their state's bond payments?

And what's this? The Dow is still soaring above triple digits? WTH?!?! Old habits and a lifetime of errant teachings die hard!
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