Posted on 07/02/2009 4:51:15 PM PDT by SeekAndFind
A Kalifornia IOU and a quarter will get you a cup of coffee.
Arnold is just too funny.
“We will make those payments,” he said. “We are responsible.”
If “WE” were responsible this state wouldn’t be in the crapper!
Your chart of who get cash and who gets IOUs is very troubling. Thanks.
I notice that Bank of America “took the lead” in saying they would accept these IOUs. I wonder if there is any relationship of this willingness to their decision two or three years ago to grant credit cards to people who are illegals and had no way to prove income, etc...
We let the commies and leftists take over education and teach last two generations of youth. Friedman in the introduction to “The Road to Serfdom” says the WWII generation came home very knowledgeable about the perils of totalitarianism having fought it during the war. That generation with that personal experience is passing on. Today’s generations do not know of the threat posed by tyrants — it would be an abstract concern taught to them by schools, if only the teachers believed tyranny was a threat.
The chart is from the source article.
Everyone needs a good laugh in the morning.
ML/NJ
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