Monday, January 04, 2010

Investors Needed

And if you don't voluntarily "invest," then someone will point a gun at you and demand the money. That someone will be the IRS.

California's political leaders, who are facing the daunting challenge of closing an estimated $20.7 billion budget deficit this year, are looking to Washington for help. Just don't call it a bailout.
"No one is looking for a bailout. We're looking for an investment," [Senate President Pro Tem Darrell Steinberg] said ...

Aaaaahhhhhhnold also just lost a court battle over "furloughs" for California employees.

HT: CalcRisk

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