Jamesb101.com

commentary on Politics and a little bit of everything else

California will begin paying IOU's a month earlier than planned……..

The State of California will begin honoring IOU’s as of September 4, which is a month earlier they anticipated. The state will borrow the $10.5 Billion they need for the fiscal year and be all right due to the budget deals approved recently……the IOU’s have been for vendors, tax returns and other creditors………

August 13, 2009 - Posted by | Politics, The Economy | , , , , , , ,

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