The ALARM bells are starting to RING!!!!
SAN FRANCISCO (MarketWatch) -- Gov. Arnold Schwarzenegger on Monday declared a fiscal emergency and called for a special session with lawmakers to address California's $11.2 billion deficit, the Associated Press reported. California's revenue gap is expected to reach $28 billion over the next 19 months and without immediate action, the state could run out of cash in February, according to the report.
Didn't some crazy blogger warn you MONTHS AGO that California could run out of money????? And same with Pension Funds, and hospitals, and other states,cities, and companies, and individuals and.........
Hang on folks, we are just about to reach the crest of the roller coaster just before the BIG DROP.