warn act bankruptcy
Do Americans only need to look at California on the edge of bankruptcy to know their future under obamacare?
Showing their impeccable timing, the progressives approved the bill in the Senate yesterday at a cost of $200 billion a year…just as the state controller announced that California is set to run out of cash again in April:
State Controller John Chiang issued a stern warning Friday about California’s cash reserves, telling legislative leaders and Gov. Arnold Schwarzenegger they must act on nearly $9 billion in budget cuts the governor is seeking by March — or the state will run out of cash to pay its bills.
Without making those cuts — which Chiang says will pump $1.3 billion into the state’s checking account — California would be broke by April 1, no fooling.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/01/28/BAON1BP9AE.DTL
Absolutely…I was thinking the same thing today. Pelosi knows that she’s going to need the taxpayers across the nation to pull HER state out of the mess they created.
