California is broke, $24.3 billion deficit.
Can't pay its day to day bills
They have no credit and their wallets are empty.
Deficit could be has high as $42 billion in 2010
Must cut $5.2 billion for public schools
lay off 5,000 state workers
cutting pay to 200,000 workers
Gov Arnold Schwarzenegger says he will not raise taxes
He will ask Lake Ashton for money that comes in the rental of ballroom to its residents, $375.00. Hay, we get the money, right.
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