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| California IOUs | |
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| Tweet Topic Started: Jul 7 2009, 01:29 PM (76 Views) | |
| brumdog44 | Jul 7 2009, 01:29 PM Post #1 |
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The guy picked last in gym class
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Surprised that no thread has been started yet on this. I'm still trying to get up to speed on it. The one thing that pisses me off is that it is against law to do pay government workers with anything besides actual real dollars. Unemployment rate in California is 11.5% (with probably 60% of those looking for acting gigs). Not only are government workers affected, but vendors, especially small ones who can't take the disruption in cash flow, could be forced to close shop. It's not clear yet whether banks will accept these IOUs as cash or, if they do so, will charge a fee for the risk they run. |
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| HoosierLars | Jul 7 2009, 02:17 PM Post #2 |
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3 in a row
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It's too depressing to think about because B.O. is putting the entire country on a similar, unsustainable spending trajectory. |
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| troubleatiu | Jul 7 2009, 02:21 PM Post #3 |
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Coach
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um, i mentioned this at least 3 monthes ago. no one was interested then, they probably arent now either. |
![]() "The illegal we do immediately. The unconstitutional takes a little longer."--Henry Kissinger "What luck for rulers that men do not think."- Adolph Hitler "Terrorists don't want your freedoms--they want your life. It's dictators and tyrants who want your freedoms."-author unidentified | |
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| brumdog44 | Jul 7 2009, 02:55 PM Post #4 |
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The guy picked last in gym class
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Yeah, California governor Barak Obama has totally destroyed California. When you get done with your democratic blame pity party, let us all know. The rest of us will be out in here in reality where there is more than enough blame to share. |
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| Mr Gray | Jul 7 2009, 03:35 PM Post #5 |
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Coach
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brum, no partisan attack here, but I do agree that the Federal Government seems to be emulating the spending patterns that have caused so much of California's problems. It isn't like this is the 1st time this has happen in Cali....every few years they are out of money it seems. If the same thing happens with the federal government, who is going to bail them out and who would accept those IOU's? |
![]() The body knows what fighters don't: how to protect itself. A neck can only twist so far. Twist it just a hair more and the body says, "Hey, I'll take it from here because you obviously don't know what you're doing... Lie down now, rest, and we'll talk about this when you regain your senses." It's called the knockout mechanism. | |
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| HoosierLars | Jul 7 2009, 05:01 PM Post #6 |
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3 in a row
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Sorry Brum, but my statement wasn't partisan. The last time I checked, Arnold had an R by his name. |
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| brumdog44 | Jul 7 2009, 11:17 PM Post #7 |
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The guy picked last in gym class
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Funny, you didn't bother to mention Arnold until you were called out. |
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| HoosierLars | Jul 8 2009, 12:05 AM Post #8 |
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3 in a row
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I will call out all politicians who are fucking up, regardless of party affiliation. I lived in Calif for 11 years and know how fucked up the political climate is there. Arnold is what you call a RINO. |
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7:44 PM Jul 10