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California gives IOUs

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Uploaded by on Jan 18, 2009

Due to the state's persistent cash and budget problems, the State Controller announced on Friday, January 16, 2009 that he will have to delay refunds for 30 days starting February 1, 2009

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  • Wow, cool. I always wondered what happened to Larry Flynt.

  • R.I.P. USA 1776 to 2009. Lasted longer than the Soviet Union.  Good run! Good run!

  • A snowball is now poised to become an avalanche in California.

    California is broke. Sent IOUs to 10,000,000 workers for their tax refund from last year.

    Now these workers are getting their refund before the state is making good on their promise.

    They are simply increasing the number of dependents on their withholding forms. Many of them putting 10 dependents there. This way they are taking home more every week until they are even with the state.

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