18th February, 2009
The state of California was yesterday set to fire 20,000 public employees as it teetered on the brink of a total financial collapse.
Posts Tagged ‘the states go bankrupt’
One in five California public workers to be fired as Arnold Schwarzenegger cuts deep
Posted by seumasach on February 19, 2009
Posted in Financial crisis | Tagged: california goes bankrupt, financial collapse, the states go bankrupt | 1 Comment »
California- Counties Threaten Tax Revolt
Posted by seumasach on February 6, 2009
5th February, 2009
Mercury News is reporting Counties threaten tax revolt against California budget
California counties are throwing another wrinkle into the state’s cash crisis as Gov. Arnold Schwarzenegger and legislative leaders try to agree on a way to erase a $42 billion budget deficit.
Posted in Financial crisis | Tagged: california goes bankrupt, financial collapse, the states go bankrupt | Leave a Comment »
46 Of 50 States Could File Bankruptcy In 2009-2010
Posted by seumasach on February 3, 2009
30th January, 2009
There is a high chance a majority of the States within the United States of America could file for Chapter 9 bankruptcy. There are currently 46 states with high budget deficits, Arizona being one of them.
In fact, Jan Brewer, the newly appointed Governor of Arizona has a major crisis on her hands, one that Arizona and national media isn’t covering. The alarming news is the State of Arizona has 90 to 120 days before they completely run out of money. After that, all bills and tax refunds owed to the citizens will go unpaid.
Posted in Financial crisis | Tagged: the states go bankrupt | 1 Comment »
In These New Times 