A FEW DAYS TO A WEEK AGO WE REPORTED ON THE NEWS THAT ATLEAST 32 STATES IN THE UNION WERE BANKRUPT.MONTHS AGO WE REPORTED THEY WERE ON THE VERGE OF BANRUPTCY. THEN WE REPORTED THAT ATLEAST 12 OR MORE STATES WERE FACING A SIMILAR FATE.
THIS IS THE NEW FUTURE OF AMERICA. SHE CAN NO LONGER HIDE HER LOSSES. THE BURDENS HAVE NOW BECOME TOO GREAT. THIS IS THE PRICE THAT SHE MUST PAY FOR HER WAR AGAINST GOD AND HER WAR OF EMPIRE AND DOMINATION.
TODAY WE CAN REPORT THAT ANOTHER STATE IN THE UNION HAS ALSO BITTEN THE DUST. ” Wait grows longer for R.I. tax refunds
01:00 AM EDT on Wednesday, May 26, 2010
By Neil Downing
Journal Staff Writer
PROVIDENCE — Thousands of Rhode Island income-tax refunds are being delayed longer than previously reported because of state cash-flow problems.
Overall, the state has delayed payment of about 53,000 individual income-tax refunds — totaling about $36.3 million — to make sure it has enough money to pay off state borrowings that come due in June, said Paul L. Dion, chief of the state Office of Revenue Analysis.
When the issue first arose earlier this month, state officials said they were delaying payment of refunds by about three weeks after the returns were processed. As of Tuesday, however, the delay had grown to between four and six weeks, state officials acknowledged….MORE HERE