Japan to go broke by October? Standoff threatens to 'collapse' budget TOKYO -
Japan's government could run out of money by the end of October, halting all state spending including salaries, pensions and unemployment benefits, because of a standoff in parliament that has blocked a bill to finance the deficit.
The deficit financing bill, which would allow the government to sell bonds needed to fund almost half of the budget, has languished in parliament as the ruling Democratic Party tussles with opposition parties that can use their control of the upper house to reject legislation.
"Without this bill, the budget will collapse," Finance Minister Jun Azumi said on Friday, pleading for cooperation from the two largest opposition parties. cont for full
http://worldnews.msnbc.msn.com/_news/2012/07/06/12592667-japan-to-go-broke-by-october-standoff-threatens-to-collapse-budget?lite
Concentrate, and ASK the 8-Ball!
