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California Out Of Cash, Readies IOUs

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Sacramento Bee   |  Steve Wiegand   |   December 31, 2008 08:51 AM

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Read More: California, California Budget Crisis, California Out Of Cash, California State No Money, Economic Crisis, State Budgets, Politics News

State Controller John Chiang warned Tuesday that the first group to get hit in the wallet by California's budget debacle is likely to include legislators - and it could happen as early as Feb. 1.

The bad news is that next in line to get IOUs instead of cash would be Californians awaiting state income tax refunds and companies that do business with the state.

Read the whole story here.

State Controller John Chiang warned Tuesday that the first group to get hit in the wallet by California's budget debacle is likely to include legislators - and it could happen as early as Feb. 1. Th...
State Controller John Chiang warned Tuesday that the first group to get hit in the wallet by California's budget debacle is likely to include legislators - and it could happen as early as Feb. 1. Th...
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- ImBarbara I'm a Fan of ImBarbara permalink

Hmmm, maybe they should just give them a super duper hug and a coupon for a half priced Subway sammy instead.

    Favorite    Flag as abusive Posted 03:49 PM on 12/31/2008
- camper65 I'm a Fan of camper65 permalink

Considering the state of fiscal affairs in California, that's all the legislators deserve.

    Favorite    Flag as abusive Posted 12:13 PM on 12/31/2008
- sunbeltvoter I'm a Fan of sunbeltvoter permalink

You might recall that once upon a time eleven states tried printing their own money. Some skinny dude from Illinois said "nope, not gonna fly, not on my watch" and made them stop.

So is it legal now? Can I spend my CSA money at Walmart to buy plastic junk from China?

    Favorite    Flag as abusive Posted 11:48 AM on 12/31/2008
- stunsitfel I'm a Fan of stunsitfel permalink

Too busy sueing the Federal Government.

    Favorite    Flag as abusive Posted 10:25 AM on 12/31/2008
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