hat tip  Federal Reserve Bank of San Francisco

For the first time since the Great Depression (with a brief exception in 1992)  California, state finance officials will begin issuing IOUs today to meet its $24-billion budget shortfall.These will go to local governments, vendors, taxpayers and college students receiving state financial aid. State workers will face more unpaid leave days and Counties that administer social services also would not get paid, nor would taxpayers who are still expecting refunds.

Were California an independent nation it's economy would rank in the top ten globally and now it is bankrupt, and it is not the only US state economy in deep trouble. It's economy accounts for 12 percent of US domestic product and has the largest retail consumption in the country.

Via Paul Bass of the New Haven Independent, Joe Lieberman has taken his strongest stance yet in support of doing nothing honest in healthcare reform:

U.S. Sen. Joe Lieberman has a bipartisan group of senators ready to help pass health care reform — minus a government-run insurance plan.  

During a New Haven stop to support overall reform, Connecticut’s independent fourth-term senator gave his strongest statement to date opposing Democrats’ and President Obama’s call for a “public option” health care plan.

The problem with his faux idea of bipartisan solutions in opposition to a public option? This is something that he had campaigned on in the past:

From tparty at MLN:

Michael Scheuer Calls For Osama to Attack: Glenn Beck and Fox News Air It

Three days before the Fourth of July -- a holiday celebrating our nation's Independence Day -- and the reich-wing has stepped up the drumbeat toward insurrection, treason and sedition. Hat-tip to MinistryOfTruth of DailyKos

Every Republican member of Congress should be immediately called upon to voice their opinion on this outrage, on the record and in public.

Every right-wing pundit and "strategist" -- particularly those like Karl Rove, Bill O'Reilly, Sean Hannity, Ann Coulter and Rush Limbaugh -- should have to weigh in, publicly and on the record.

This is the ultimate incitement of domestic and foreign actions by active enemies during a time of war: it is treasonous, it is seditious, it is wrong on so many levels.  In light of all the troops who have fought in our name and to protect our nation "over there" so that we could never again be attacked over here, this unrejected statement made by Schaeur on Fox News is the ultimate slap in their faces.

It is the ultimate in dishonor.

It is the ultimate un-American sentiment.

It is beyond fathomable.

Check out the diary by Ministry of Truth for action items, and get involved now -- before another Timothy McVeigh, James W. Von Brunn, Eric Robert Rudolph, Dan White, James Earl Ray, Lee Harvey Oswald or Scott Roeder.

Let's put the words of Mike Malloy to the test: do Republicans really want our nation to fail? Do Republicans really want us to bear the brunt of another 9-11 or Oklahoma City bombing?

They're worse than useless. These are terrorists. These are domestic terrorists. They want the country to fail, for God’s sake. They want exactly what anyone who attacked this country on September 11, 2001 wanted. The real internal terrorists are the Republicans, I mean, isn't that clear?

Those are the words attributed to Mr. Malloy; they ring too true, now. Let's put the Republicans in Congress to the real test, and see if they live up to their hype, or to their actions.  And in the meantime, let's ask the FCC and Secret Service to pay Fox and friends a little visit.

Via the White House Blog: