Behind on bills? You’re not alone
Leaders at the State Capitol in Sacramento are struggling to keep up with the bills
Pretty soon the only financial help I’ll be eligible for is bad credit payday loans. I’m behind on my heating bill and my cable bill. I have medical bills from more than a year ago that still aren’t paid off. Why would I be so bold as to share this information with the world? Turns out I’m not alone. Even the great state of California is behind on its bills.
Schwarzenegger has been stressing for some time that California is in a state of financial emergency. Today KCRA published a story saying California has officially joined a growing category of Americans: those who can’t keep up with their bills. If I end up needing bad credit payday loans, I certainly won’t be the only one.
Who’s getting stiffed?
Unfortunately for Californians, their overdue bills will have a much more significant effect than my delinquent Comcast bill. Elected leaders are behind on paying out college scholarships, an unfortunate circumstance for a state already facing a financial crisis in the higher education sector.
The state also hasn’t issued checks for county social services and the California Highway Patrol. While the state is struggling to pay to keep its populace safe, individuals expecting tax refunds will face a lamentable surprise. The state will not issue any tax rebates until this budget discrepancy is solved.
Easing the burden, a little
The Golden state is in the red.
The trouble in the education industry will be eased just slightly by an agreement made Friday. About 200,000 state workers, including teachers, must take two unpaid days off per month to defray costs. I doubt you will hear much complaining from the workers who will now have a few more four-day work weeks. The alternative to the furloughs was layoffs.
So don’t feel ashamed if you’re behind on your bills — even the Terminator can’t keep up. As for me, I’ll brace for needing bad credit payday loans and spend my entire tax refund on overdue bills.
Related articles
- The Dos and Don’ts of Financial Distress (usnews.com)
- California’s cash crunch: IOUs coming (money.cnn.com)
- 5 Ways To Maximize Your Tax Refund (huffingtonpost.com)
- Top Five Tax Refund Tips: Ready, Set, Save (abcnews.go.com)
I thought I would see the day that the most populous state in the union has fallen behind – these are pretty bad times. I hope they can get the federal stimulus in time to save jobs, and potentially lives if they can keep from stopping public services.