When will they learn? CA's IOUs
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PocketProtector642
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Post subject: When will they learn? CA's IOUs  Posted: Wed Jan 21, 2009 6:31 pm |
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Location: St. Paulish
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Quote: California delaying tax refunds amid cash crisis Fri Jan 16, 2009 3:09pm EST Full story hereSAN FRANCISCO (Reuters) - California will not pay state tax refunds for individuals and business that overpaid 2008 taxes, in order to conserve dwindling cash for priority payments including school spending and debt repayment required by state law, the state's controller office said on Friday. California's budget gap is projected to top $40 billion over its current and next fiscal year. State Controller John Chiang said on FOX News this evening that in March the state will start sending out IOU’s instead of tax refunds! 
When will Californians learn?!? Don't vote for these liberals!
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DeanC
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Post subject: Re: When will they learn? CA's IOUs Posted: Wed Jan 21, 2009 9:24 pm |
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PocketProtector642 wrote: State Controller John Chiang said on FOX News this evening that in March the state will start sending out IOU’s instead of tax refunds! Which is the same thing as printing their own money and is wildly unconstitutional, but why should that stop them?
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I am defending myself... in favor of that!
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PocketProtector642
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Post subject: Posted: Wed Jan 21, 2009 9:28 pm |
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The problem is that a state cant print money, just the feds... IOUs are just as good though!
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Proud owner of 2 wonderful SGH holsters.
"If man will not work, he shall not eat" (2 Th 3:14)
"If you don't have a sword, sell your cloak and buy one" -Jesus (Luke 22:36)
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1911fan
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Post subject: Posted: Wed Jan 21, 2009 11:38 pm |
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| On time out |
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Joined: Mon Aug 22, 2005 10:18 pm
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Location: 35 W and Hiway 10
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I wonder if the Cali DMV or County assessors offices will accept the IOU's for tabs or property tax payments.
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molan labe
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kecker
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Post subject: Posted: Thu Jan 22, 2009 12:32 am |
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Location: Apple Valley, MN
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An IOU is essentially a promise to pay you money later on.
Cause the government always fulfills their promises right??
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My mind is like a steel trap - rusty and illegal in 37 states.
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DeanC
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Post subject: Posted: Thu Jan 22, 2009 8:53 am |
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Joined: Thu Mar 09, 2006 9:54 am
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Location: Minneapolis
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kecker wrote: An IOU is essentially a promise to pay you money later on.
Cause the government always fulfills their promises right?? Penn State Railroad Bonds were rated AAA on the day they defaulted.
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I am defending myself... in favor of that!
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