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California begins issuing IOUs … to the peons
HOTAIR.COM ^
| 7/2/2009
| Ed Morrissey
Posted on 07/02/2009 4:51:15 PM PDT by SeekAndFind
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To: SeekAndFind
2
posted on
07/02/2009 4:54:21 PM PDT
by
optiguy
(Government does not solve problems; it subsidizes them.----- Ronald Reagan)
To: SeekAndFind
It will be interesting to see if taxpayers issue IOU’s to the state.
3
posted on
07/02/2009 4:54:29 PM PDT
by
Man50D
(Fair Tax, you earn it, you keep it! FairTaxNation.com)
To: SeekAndFind
Governor Arnold Schwarzenegger insisted that the state was responsible enough for banks to accept the IOUs at face value Sure. Oh yeah. I'm certain they have a lot of faith in the state
4
posted on
07/02/2009 4:54:39 PM PDT
by
paul51
(11 September 2001 - Never forget)
To: SeekAndFind
I wonder if the creditors could find anyone willing to buy up the notes for, say, 50 cents on the dollar.
5
posted on
07/02/2009 4:54:48 PM PDT
by
Mr Ramsbotham
("Baldrick, to you the Renaissance was just something that happened to other people, wasn't it?")
To: SeekAndFind
Those IOUs are not worth toilet paper....where are the state-destroying liberals going to get the money?? They are driving businesses and top-earning individuals out of the state faster than they know. What goes around, comes around.
6
posted on
07/02/2009 4:55:51 PM PDT
by
EagleUSA
To: SeekAndFind
Worth visiting the link to see who gets paid in cash and who gets the IOUs.
7
posted on
07/02/2009 4:56:40 PM PDT
by
Cicero
(Marcus Tullius)
To: Man50D
Damned straight they are (at least the smart ones). Taxpayer IOUs are in the form of increased number of withholding allowances. Why take the chance they won’t be able to pay you your refund next January? My wife and I are adjusting allowances right now so we pay the state.
To: SeekAndFind
No State shall emit bills of credit ... nor make any Thing other that gold and silver Coin a Tender in Payment of Debts.
It's time to bring charges against the b*stards behind this for violating the oath they took to uphold the United States Constitution.
ML/NJ
9
posted on
07/02/2009 4:57:49 PM PDT
by
ml/nj
To: Mr Ramsbotham
Selling your receivables (”factoring”) is very common. Don’t know if you can do it with a government warrant, though.
To: optiguy
Coming soon nationwide.Nope, the feds can just print more money. The states can't.
11
posted on
07/02/2009 4:58:16 PM PDT
by
umgud
(Look to gov't to solve your everday problems and they'll control your everday life.)
To: SeekAndFind
Meanwhile the State’s Employees will be paid with real money - no IOUs for them!
12
posted on
07/02/2009 4:58:59 PM PDT
by
Red_Devil 232
(VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
To: SeekAndFind
People always have to learn the hard way.
Years of warnings mean nothing.
Let the pain begin.
To: SeekAndFind
People who get California IOUs |
People California pays in cash |
Grants to aged, blind or disabled persons |
University of California |
People needing temporary assistance for basic family needs |
Public Employees Retirement System |
People in drug prevention, treatment, and recovery services |
Legislators, legislative employees, and appointees |
Persons with developmental disablities |
Judges |
People in mental health treatment |
Department of Corrections |
Small Business Vendors |
Health Care Services payments to Institutional Providers |
Figure it out yet? The people who most need cash get IOUs, while the people who could stand to operate on credit get cash. I guess this is also “responsible”. |
14
posted on
07/02/2009 5:03:11 PM PDT
by
annalex
(http://www.catecheticsonline.com/CatenaAurea.php)
To: ml/nj
No State shall emit bills of credit ... nor make any Thing other that gold and silver Coin a Tender in Payment of Debts. That old document? Nobody pays attention to it anymore. It's obviously obsolete; it doesn't even allow government to perform vital roles like controlling health care and regulating carbon dioxide.
15
posted on
07/02/2009 5:05:39 PM PDT
by
Technogeeb
(The only good Russian is a dead Russian. Rest in Peace, Solzhenitsyn.)
To: ProtectOurFreedom
Better hurry before they pass a law that says you can’t.
To: umgud
Good point. I sometimes forget to think through all of these new scenarios we now have to deal with.
17
posted on
07/02/2009 5:07:57 PM PDT
by
optiguy
(Government does not solve problems; it subsidizes them.----- Ronald Reagan)
To: ml/nj
To: Pining_4_TX
Excellent point. I wouldn’t put it past them to even try to pass a law to retroactively revert you to prior withholding levels if you made an adjustment after 1/1/09.
To: Red_Devil 232
20
posted on
07/02/2009 5:17:50 PM PDT
by
NathanR
( Obama: African Colonial,)
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