The State announced this morning that it’s taking a genuine, depression-style approach to paying back its debts. According to the LA Times:
With budget negotiators at a loggerheads and California government facing a cash crisis, the state controller’s office will start printing IOUs this afternoon for the first time in 17 years.
The presses are set to start at 2 p.m., churning out 28,742 IOUs worth $53.3 million that will be dispatched mostly to residents throughout the state still awaiting their income-tax refunds.
IOUs, eh? I didn’t realize those actually existed. At first what what’s happening here appears outragous, but this SRSLY certificate actually goes to the state’s inhabitants. SRSLY guys, you didn’t want to pay more taxes to balance the budget? Well guess what, the government doesn’t want to pay tax returns.
Comments (3)
Well SRSLY if I were to get one, I'd just use it to file my next state income tax return since it seems to be as good as cash to the state.
Why the hell should those incompetent boobs in Sacramento be given *more* money when they can't control what they spend now? I realize they're in a shortfall at the moment, but who the hell isn't?
I've cut back a lot on what I purchase since I don't have the same revenue stream so I don't see why they can't do the same. What exactly have the legislators given up to help out? Don't they still have their per diem, their car allotment, their full staff? Let them eat cake isn't going to cut it for much longer.
all fair, but, it doesn't change the fact that you can't complain about not getting your tax returns when they fail to stay afloat.
as an addendum, your complaints might be justified, but you can't just ignore the state of the union. sure, it may be their fault (impeach'em all!!) but in this exact moment, you're right, it's so dire that the community has to come together to keep the roads paved and the school's open.
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