It’s game over for California

February 5, 2009 at 11:55 pm | Posted in Uncategorized | Leave a comment

It’s game over for California.

They officially can’t pay their bills and are issuing IOU’s as “payment”. I don’t know how much longer people will accept this. . . Dude, some of my bigger clients are attorneys and they’re getting pissed off. Like they’re going to organize a revolt or something. California will probably get another bailout, but one must ask themselves, “where is all this money coming from”?

Debt MUST be paid back. This means that somewhere down the road, Americans will pay taxes, have 100% go to interest on the national debt, and get NOTHING in return. It’s a system that unsustainable. Anyone who thinks deficit spending is a good idea is a complete idiot. You can’t legislate your way out of economic law!

Hold, ’cause this is gonna get ugly. I’m just glad I have low overhead because most people won’t be able to survive this.

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