Monday, December 21, 2009
Government at Work - in Arizona
More of the same.
Spend, spend, spend; and, don't save anything for a rainy day...
Spend, spend, spend; and, don't save anything for a rainy day...
Howard Fischer reports at DouglasDispatch.com:
"State and university employees could wind up with IOUs in their pay envelopes instead of checks in February if the planned sale of state buildings hits a snag, state Treasurer Dean Martin warned Monday.
And that could leave worker with a piece of paper that won’t help them buy food for their families, pay the mortgage or heat their homes.
Martin told legislators that by the end of January the state will have borrowed about $1.1 billion to pay its bills. The total amount Martin has available, both internally and from Bank of America, is $1.2 billion.
But the state is obligated to make a payment of about $325 million to public schools on Feb. 1."
