California melting down

[thallon]

and its not just the sun,

July 29, 2010 9:09AM

CALIFORNIA Governor Arnold Schwarzenegger declared a fiscal state of emergency on Wednesday,
requiring most state employees to take three days of unpaid leave per month until a new budget is enacted.

Schwarzenegger said the state, which faces a Budget deficit of $US19 billion ($21.07 billion), is on the verge of a "fiscal meltdown" and could be forced to issue IOUs starting in August to avert a new cash crisis.

Read more: http://www.news.com.au/business/brea...#ixzz0v4C3irl0