by Jack
Greece is fast running out of cash while it awaits the next tranche of its 130-billion euro ($165.16 billion) international bailout that is keeping it afloat, a deputy finance minister said on Friday.
“The situation with the state’s cash reserves is borderline,” Deputy Finance Minister Christos Staikouras told a conference. “This fact creates a condition of asphyxiation in the economy.”
Athens is considering rolling over 5 billion euros in treasury bills when they mature next week due to a likely delay in receiving the 31.5 billion euro tranche, finance ministry officials told Reuters earlier on Friday.
USA, 2014
On a side note, this is how the “Arab Spring” is going …
http://hosted.ap.org/dynamic/stories/M/ML_EGYPT?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-11-09-10-47-38
Sharia! Sharia! I just met a law named Sharia! …
http://www.youtube.com/watch?v=lvTOZtU9TSo
Well California is now possibly the most Blue state in the union. With it’s newly elected Liberal majority it no longer will need any republican guidance of the limberest possible laws it will pass. With that said California has just become the Model of Liberal failure in the country, on the verge of bankruptcy this high taxed and costly state to live in what did what a Liberal populous does, vote in a tax increase!. Not so much on themselves,as much as on the RICH. A 1/4 of percent on sales tax will regain some welfare give-away money, so that in a sense is a balance to the economy. the problem is they taxed achievement, verse cut the spending which got us to this point of insolvency. Please explain to me why anyone would anyone would want to be penalized for their hard work? Also show me how existing or start up business will want to be located in California!
Jack’s post about follow the money is a good example of future waste, it clearly points out examples that all these propositions sold to the populous as benefits eventually only benefit Government, and Prop 30 is and will be no exception, just as the LOTTO games and PROP 98, so pay attention because they (Government) WILL be tugging at your pay checks for even more money to waste as they run out of loop holes to drain this new pot of gold.