Russia Today Has a Chuckle Over CA's Budget Crisis, IOUs

In this clip from Russia Today, an English-language news program based in Moscow, the suave and accented anchorman speaks with an American correspondent about the fiscal crisis in California and the "meaningless pieces of paper" the state is now issuing to vendors in lieu of cash. Is it just us, or does this dude have a certain smirky, bemused attitude toward the idea that this state with the 8th largest economy in the world is bankrupt?

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Is it just us, or does this dude have a certain smirky, bemused attitude

He is Russian, therefore he is very drunk.

I'm sure he was also laughing when Russia defaulted on their bonds and more recently when their currency tanked.

Da....funny

Yep, it certainly looks like the guy in the cheap suit, shirt and boring tie is smirking.
Of course the question that he neglected to ask the pundit is; If things are so dismal in California, why hasn't that deterred the hordes of Russians who have made the Sunset and the Richmond their home? They're quick to sign on to free city services too, so maybe the economic burden wouldn't be so tough if they were back in that Utopia they all like to fondly remember.
Don't let the doorknob hit your asses on the way out.

Yeah, I was going to make a lousy joke about using my state-issued IOUs to pay the Russian hookers that live in my building, but jeez, harsh. These gals do have hearts of gold.

Hey I'd smirk too if I was looking in on this mess. Thanks Jarvis, I hope you rot.

IN SOVIET CALIFORNIA, STATE OWES YOU! Thanks. No really.

Anyway, just spitballing here, but will there be a friendly bank that steps up and offers loans based on the IOUs as collateral? Will there? Any bankers (yeah right) know about this?

except that states cannot go bankrupt. AND whereas overspending mostly collapsed the Soviet Union, ours is the result of a constricted budgetary process which voters voted for. It is amusing though. Democracy has brought about the insolvency of this great nation-state.

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