The first recipient of the stimulus package in 2009?

Taken from: http://news.yahoo.com/s/nm/20081205/us_nm/us_economy_california_shortfall

"SAN FRANCISCO (Reuters) – California is on track to run out of cash in February or March and faces a $15 billion cash shortage by the end of its fiscal year in June unless officials plug an $11.2 billion budget gap, according to the state's budget director"


Well... there you go. Obama, there's your first request for that stimulus package.

As Obama said, America will have to spend hundreds of billion in this stimulus package to create new jobs/ protect existing jobs.

Looks like California wins the race to request the first USD15 billion in order not to have to cut back on state government spending...

Or is Obama going to spend ADDITIONAL money on top of the bailout? Well, guess if Detroit starts asking for money for the state budget too... if every state asks for their fair share... looks like this is going to be a very VERY VERY expensive year for America... watch their Deficit go from below 1 trillion to 4-5 trillion in 18 months, maybe?