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Old 02-02-2009, 02:44 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,525,881 times
Reputation: 6378

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I think we should call them something cool.. Kind of like the Amero but with a California ring to it. I got it! Let's call it the Camero.

California holds back payments amid budget crisis | U.S. | Reuters

"Yo. Dude, I need some weed. All I got is 50 Cameros."
"Your Cameros are no good here! Come back with real money! Real weed for real money!"

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I know what you are thinking. You've seen this before. Me too.
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Old 02-02-2009, 02:58 PM
 
48,508 posts, read 88,655,852 times
Reputation: 18188
They in fact are not going to issue IOU's it was announced because id people tried to use these to pay thier taxes then the states abilty to borrow ,omey would be effected ;it was said. Instead they just get nothing but a delay for now.
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Old 02-02-2009, 05:13 PM
 
16,308 posts, read 26,152,382 times
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Too bad there isn't a way have your employer not withhold your state withholding from your paycheck, giving you the cash and sending IOU's to the state.

Or use the IOU's to pay DMV fees, sales tax, property taxes, etc.
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Old 02-04-2009, 02:39 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,525,881 times
Reputation: 6378
California Is Officially Broke*-*Hometown Station KHTS AM-1220 (http://www.hometownstation.com/local-news/california-budget-crisis-2009-02-02-01-20.html - broken link)

The Raw Story | California goes broke, halts $3.5 billion in payments
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Old 02-05-2009, 09:54 AM
 
Location: Cushing OK
14,545 posts, read 18,941,543 times
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Quote:
Originally Posted by 70Ford View Post
California Is Officially Broke*-*Hometown Station KHTS AM-1220 (http://www.hometownstation.com/local-news/california-budget-crisis-2009-02-02-01-20.html - broken link)

The Raw Story | California goes broke, halts $3.5 billion in payments
Year after year the legistlature and the governer (any of them) have gone down to the wire or past to pass a state budget. Its like a game but reality has finally hit. I'm not surprised that this has happened. There is little history of cooperation to draw on for inspiration.

The people hurting are those who serve as vendors for the state (who tell their creditors what, we'll give you an IOU?), the people who depend on that refund and would like THEIR money back, and those who need the social services the counties provide. Not as much welfare where the aided are able to work but with abused elders and children and the disabled who have no other place to turn. What do you do, tell the pharmacy you'll give them an IOU?

Personally I think that as long as the state is putting things on "hold" that people have a right to put things like paying taxes on hold too.

And am so very glad I escaped in time.
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Old 02-05-2009, 09:58 AM
 
20,194 posts, read 21,569,429 times
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You cannot escape reality when you socialize everything... eventually it catches up to you and punishes everybody that help create a system that serves the few....
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Old 02-05-2009, 11:20 AM
 
458 posts, read 1,558,015 times
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Well, when the DO pay it back, they had better darn well tack on interest and "late fees" to give back to the people. Why should there be a double standard where late fees are concerned? If you pay your taxes late, you pay late fees. If THEY refund late, they should pay fees also.
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Old 02-05-2009, 11:31 AM
 
21,552 posts, read 19,351,371 times
Reputation: 12141
So California is broke and can't pay its debts. So naturally the US government wants to follow California's lead and have a massive spending increase and increase entitlement programs out the wazzoo.
Ladies and gentlemen, the President's brain is missing.
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Old 02-05-2009, 11:35 AM
 
Location: USA
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looks like its time to buy large sacks of food...
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Old 02-05-2009, 04:23 PM
 
5 posts, read 11,146 times
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The state is broke what else is new.... will they take an IOU if you owe taxes? Friday is going to an interesting day, many basic services such as the dmv and the edd maybe closed. No wonder many businesses and people are moving out. I have lived in so. calif for most of my life i believe its time to move on. I hope that the state of California can get there act together or there could dire things that may happen.
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