California Facing Total Financial Collapse

Financial problems just won't go away for Arnold Schwarzenegger and his beloved state. Unemployment is on the rise, and real estate value has dropped more than 50% in certain parts of the "Golden State". State controller John Chiang has reported that revenues have fallen by almost 18% or $1.14billion. Chiang also announced that California has 50 days until a total financial collapse, leaving millions of California residents with no government services. Via 247wallst