After Budget Failure, California Begins Issuing IOUs: The state of California began issuing an initial batch of IOUs for more than $50 million in bills. That’s after Governor Schwarzenegger and lawmakers failed to agree on how to close a budget deficit. That’s projected at more than $26 billion. State offices will also have to close three days a month to conserve cash.
I’m not the first to say it, but what if we, the taxpayers, write California an IOU next tax season? Could you imagine, not only would I get hit with major penalties, I could potentially go to jail, and would definitely lose my job. I’m not a fan of government bending the rules for their benefit and not the people’s.
California, it’s time for you to get on the Dave Ramsey plan, or the I Will Teach You To Be Rich plan, or the Quit Sucking So Bad At Everything You Do plan (made that last one up). It’s time for a change. Deficits, IOUs, and reckless spending need to be a thing of the past.
Do I think this post is going to change anything? Nope, but I don’t care. California needs to be called out for it’s embarrassing financial situation. The California crisis leaves me wondering what is going on in other states? PF bloggers across the country… does your state have any ridiculous happenings? Can ya recommend which states I should consider moving to? It’s about time for this debt ninja to fly the coup and set up shop elsewhere.