California to suspend tax refunds, welfare checks, student grants

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California to suspend tax refunds, welfare checks, student grants starting Feb. 1
California controller to suspend tax refunds, welfare checks, student grants - Los Angeles Times (https://www.latimes.com/news/local/la-me-budget17-2009jan17,0,4472460.story)


Soaring cost of living drives residents from California
Soaring cost of living drives residents from California - Telegraph (https://www.telegraph.co.uk/finance/financetopics/financialcrisis/4225988/Soaring-cost-of-living-drives-residents-from-California.html)

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Bank of America to receive additional $20 billion
Bank of America to receive additional $20 billion - International Herald Tribune (https://www.iht.com/articles/2009/01/16/business/16merrill.php)

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California goes broke, halts $3.5 billion in payments
"People are going to be hurt starting today," said Hallye Jordan, speaking on behalf of the state Controller. "There's no money."
The Raw Story | California goes broke, halts $3.5 billion in payments (https://rawstory.com/news/2008/California_goes_broke_halts_3.5_billion_0202.html)


California Pension Funds Close To Bankruptcy
California Pension Funds Close To Bankruptcy. (https://www.globalresearch.ca/index.php?context=viewArticle&code=MAR20090201&articleId=12114)


California Economy Near Collapse
California Economy Near Collapse :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website (https://www.marketoracle.co.uk/Article8570.html)


Is It Time to Bail Out of the US? By Paul Craig Roberts

California State Controller John Chiang announced on January 26 that California’s bills exceed its tax revenues and credit line and that the state is going to print its own money known as IOUs. The template is already designed. Instead of receiving their state tax refunds in dollars, California residents will receive IOUs. Student aid and payments to disabled and needy will also come in the form of IOUs. California is negotiating with banks to get them to accept the IOUs as deposits. California is often identified as the world’s eighth largest economy, and it is broke. A person might think that California’s plight would introduce some realism into Washington, DC, but it has not. President Obama is taking steps to intensify the war in Afghanistan and, perhaps, to expand it to Pakistan...

* Astonishing Incongruities**** : Information Clearing House - ICH (https://www.informationclearinghouse.info/article21867.htm)

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California may have to cut prison population by 40 percent

"The governor and I strongly disagree with this ruling," said Matthew Cate, California's corrections and rehabilitation secretary. Implementing the court's ruling would result in up to 58,000 prisoners being released, Cate said, describing it as a threat to public safety. He disputed the court's contention that the prisons are unsafe the way they are now...

link to article (https://anonym.to/?https://www.cnn.com/2009/CRIME/02/10/california.prisons/)

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Cash crisis forces California to free 55,000 prisoners
Cash crisis forces California to free 55,000 prisoners - Americas, World - The Independent (https://www.independent.co.uk/news/world/americas/cash-crisis-forces-california-to-free-55000-prisoners-1622487.html)