Everything you Need To Know About Why California Is Toast

Via Drudge

But Chiang said additional cash management solutions are needed because state tax revenues are $2.6 billion less than what Gov. Jerry Brown and state lawmakers assumed in their optimistic budget last year. Meanwhile, Chiang said, the state is spending $2.6 billion more than state leaders planned on.

So even if they had gotten their magically optimistic level of tax revenue, they still spent even more than that. Genius.

p.s. And as usual, California, stay in your own damn state. You made the mess, you live with it.

Read more here: http://blogs.sacbee.com/capitolalertlatest/2012/01/controller-state-to-run-out-of-cash-in-march-without-action.html#storylink=cpy

News You Can Use?

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• Joe Biden, our greatest American hero.
• Michelle Obama spent $50,000 on lingeri...lingeri.....ablaa..mguh..erp...AAAAA!!! MY EYES!!!AAAAA!!!(curls up under table) I don't wanna play anymore! I don't want to play anymore!!!!

Debt Limit Going Up, Ding!

Via zerohedge. In case you don't know, Congress just raised the debt limit to $16.4 Trillion. Shhhhhh....

The Holy Cow This Song Is Almost 20 Years Old Music Friday

1993. Yikes, I'm old. Also, more proof that Billy Corgan's coolness is directly proportional to the length of his hair. Today he is not cool. Not even a little.

News You Can Use?

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Mental Note: Do NOT Book Flights Through Dusseldorf

Breaking News! Barack Obama's Secret Letter To Iran Leaders Revealed!

When I first saw some rumor that Barack Obama had sent a secret letter to Iranian officials, I thought, right, like we're supposed to believe those gosh darn lying Iranians. But then again, Barry hasn't really exactly been Mr. Trustworthy. Unfortunately we now know the contents of that letter and lengths to which Obama was willing to negotiate.

News You Can Use

I don't have anything to say, but I might as well post something.

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• And speaking of ...your picture of the day (with Cardinals' kicker Jay Feely).

Happy New Year