California

No more bonds, Mr. Schwarzenegger? After the t-800 way to finance the state budget via slush funds became obviously too dangerous and Schwarzenegger did cheat the department of motor vehicles in return way too often, California has obviously a budget problem. Looks like the eraser erased the hook line and cant get out of the hot water anymore. A really dark dictator. How about flipping in magma like Anakin?

rawstory

California, the eighth largest economy in the world, is broke.

"People are going to be hurt starting today," said Hallye Jordan, speaking on behalf of the state Controller. "There's no money."

Since state legislators failed to meet an end of January deadline on an agreement to make up for California's $40 billion budget gap, residents won't be getting their state tax rebates, scholarships to Cal Grant college will go unpaid, vendors invoices will remain uncollected and county social services will cease.

At least, temporarily. Services and payments will resume once state legislators come to an agreement on the budget.

"This time, there are real-world consequences," said H.D. Palmer, spokesman for the California Department of Finance, in a report by KCRA in Sacramento. "Because we have not been able to get to a budget agreement, payments aren't going to be made."