Vintage Asylum

Posted by Brian Levy (A) on July 02, 2009 at 15:59:44

In Reply to: RE: Happy Furlough day from Cali! posted by Crazy Dave on July 02, 2009 at 09:43:54

I can see California government closing shop if something radical does not occur. If I were a vendor with the State as a client, I'd also want the cash in advance. California though has another problem in that it has a large debt service payment this month and on the cusp of not being able to make the payment and fund the cash payment it has no choice but to make. If it defaults on the debt payment, that would be it for the State. If it happens it would cause a domino effect with other marginal States.

• RE: Happy Furlough day from Cali! - Crazy Dave 08:05:58 07/05/09 (0)
  In Reply to: RE: Happy Furlough day from Cali! posted by Brian Levy on July 02, 2009 at 15:59:44

  We do live in interesting times! It has been an amazing string of errors that has brought us to this place. I hope we can get through it!
  
  Dave
  

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