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Say what?

July 25, 2008 | California, local issues, media coverage | Comments (0)

From an LA Times story today on California’s budget woes and the fight between the governor and the legislature: 

This kind of cruel brinkmanship pushes the real budget deadline to whatever August date is the last chance to send voters a tax measure for the November ballot, or the last chance to go to the financial market for the state’s equivalent of a payday loan.

The Payday Pundit doesn’t get it, but we bet this journalist doesn’t really know what a payday loan is.  

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