How Worried is Citibank About California’s Ability to Handle It’s Budget Crisis?

Posted by on Aug 6, 2009 in California Budget Crisis | 0 comments

I recently was withdrawing some money at the local Citibank ATM.  There was a notice attached to the ATM machine about the Registered Warrant, AKA “IOU’s” that the State of California has been handing out to various individuals in place of actual checks. Citibank has been gracious enough to give you, the holder of one of these IOUs, actual cash for your Registered Warrant thus...

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California Economics Professor Wants to Drive California Off a Cliff

Posted by on May 18, 2009 in California Budget Crisis, Economy, Government Spending, Recession, Taxes | 1 comment

Peter Navarro, Economics Professor, University of California; Irvine, recently wrote an article in his weekly newsletter entitled “California’s Budgetary Car is About to Drive Off a Cliff” In a nutshell, he is asking the California voter to vote tomorrow to pass the various measures that would increase taxes for its citizens.  To not do so, Peter says, would “raise...

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