Eventually....The Money Simply Runs Out..........
Unless of course you are a Wall Street bankster and buddies wtih Benny the B and Timmy the G.
HOWEVER, FOR THE REST OF THE WORLD...MONEY IS RUNNING OUT QUICKLY AFTER 1.01.10
SAN FRANCISCO (MarketWatch) -- California will need to raise $2.7 billion to avoid a cash shortage in the current fiscal year, according to State Controller John Chiang on Friday. Chiang told Gov. Arnold Schwarzenegger and state legislators in a letter that California will drop below its $2.5 billion minimum cash balance by $1.3 billion by the end of March. If the state does not raise the money, it may have to resort to issuing IOUs again this year, Chiang said.
Mr. Chiang is using very optimistic revenue projections.......CA will need to raise a LOT more than he currently things....or is at least stating publicly.
Very interesting times indeed as MASSIVE NUMBERS OF BUSINESSES are abruptly shutting down and/or firing workers.
For people living and working in Wrightstown, gassing up their cars isn't as easy as driving to the neighborhood gas station any more. The village has -- or had -- two gas stations on either side of the bridge over the Fox River, but last weekend both stations abruptly closed, forcing people to drive farther to fill up.
Slideshow: Retailers Likely to Close Stores in 2010
The Augusta Museum of History Closing Its Museum Store
Margarita's Mexican restaurant + Foot Locker Closed this Week at Tower Place Mall
Coastal Lumber Company is closing its Buckhannon facility - 30 Jobs Affected
Cheboygan Memorial will close its Maternity Ward April 1st.
Greenwood Lake Newspaper
PNC Financial Services Group Closing Port St Lucie Branch Fl, and Several Other in the Coming Months
Koglin German Royal Hams in Grand Central Terminal NY
Suncoast Motion Picture Co at Ocean County Mall NJ
Prime Steak and Seafood at McNary Golf Club
Parker Furniture in Columbus Mississippi
Red Cross Food Pantry in Waltham Boston
3 National Chains Closing 5 Store in Jacksonville