On Fri, 11 Jan 2008 17:13:51 -0600, cavelamb himself
wrote:

Jim Stewart wrote:
F. George McDuffee wrote:

Oil hits 100$/bbl, gold hits 900$/oz, governmental debt at all
levels and the trade deficit continues to rapidly mount, and
California [as the first domino] is on the verge of bankruptcy.


Got a cite that California is "on the verge
of bankruptcy"?

Try the evening news..

Arnold is going to release 22,000 inmates early so he can fire
4000 guards.

Cost cutting.

Or maybe re-stocking the pond?


Cost cutting is done all the time (unfortunatlly not in very large
amounts though)

This hardly means Cali is on the verge of Bankruptcy

When revenues slow down, one has to back off on their extravagant life
style. Eat at Micky Ds rather than Haute Cusine.

Doesnt mean you are ready to auction off the office furniture.

Gunner


Gunner