Good idea, Red.
"State Controller John Chiang plans to issue IOUs by Thursday to...college students."
Just go ahead and lop 'em off, John.
I worked my way through college--in fact, through 15 years of college, including graduate school--and I didn't go into debt! If I can do it, anybody can!
Furthermore, I learned so well the lessons of self-reliance, living within one's means, and keeping the budget balanced that I was able to send my wife through 4 years of college, my children through college three times each, and establish a scholarship fund to send the needy to college.
I don't know how many people I have put through college--financially!
I was able to do it because I worked hard--nights, weekends, holidays--had my first job at age 14 when my father died--because I LIVED WITHIN MY MEANS--because I KEPT MY BUDGET BALANCED--and most of all BECAUSE OF THE CAPITALIST SYSTEM AND THE FREEDOM OF WHICH IT IS A PART!
Not only will lopping off college students' funds eliminate unnecessary debt, but it will have the far greater advantage of teaching these college students where money comes from and--of utmost importance--HOW TO BALANCE A BUDGET AND LIVE WITHIN YOUR MEANS!
This priceless lesson would be put to far greater use if California's politicians were forced to work for a living--or live on IOU's, as you have suggested, Red.
” my children through college three times each,...”
Your children went through college three times each? I dunno, but to me that sounds excessive?