California Governor Arnold Schwarzenegger
The Associated Press
Ever wonder what a deadbeat government looks like?
No need to journey to the most poverty-stricken parts of the world. California will do. A flack for state controller John Chiang says the state may have to turn to IOUs if the politicians don’t approve delays in paying past-due bills. Either way, this huge purchaser of goods and services is going to be making life harder for suppliers.
The delinquent invoices total $8.4-billion (U.S.).
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