Friday, December 12, 2008

California to be Completely Out of Money by February 2009

Dear Friends,

Check out this video clip of Jane Wells of CNBC Business News from MSNBC.Com. California's Governor, Arnold Schwarzeneger has announced that California is nearing "Financial Armageddon" and will be completely out of money by February 2009. He explained that California loses nearly US$500 a minute, or US$400 million a day.

What I can't understand is why the Federal Government is busy with corporate America, and yet, does not help its states?

Best wishes,

Ooi

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