Businesses Burnt, California Burns

Over at Calitics, RLMiller picked up this quote from an economics blogs

I work in the aircraft repair/parts industry in California and thought I'd let you onto something. Many vendors to the CDF (California division of forestry) air operations have outstanding bills going back to last year. My company just put all California agencies on cash or credit card only. Many others are refusing to sell to the CDF because of huge amount of unpaid and late bills. We don't even get Registered Warrants!

Mish, this is scary. I know of one company that is doing repairs knowing they won't get paid just because they do not want to see fire fighting aircraft grounded

Scary stuff indeed.

Fire season is here and there have already been a number of fires, in fact CNN just reported there is one burning right now east of LA.

Read RLMiller's whole rundown over at Calitics.