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Thread: California goes broke, halts $3.5 billion in payments

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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by jallman View Post
    Again, I never referred to you as a Pauligan. I simply stated what I think of Pauligans. If you identify as one, then by all means, to each his own.

    But please, to lay this to rest, point to where I referred to you or anyone specifically as a Pauligan...
    RNYC and you had a little conversation about me being a Paulite, of which i took it as you were in agreement with your reply. But if that is not the case, then sorry
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by Goldenboy219 View Post
    RNYC and you had a little conversation about me being a Paulite, of which i took it as you were in agreement with your reply. But if that is not the case, then sorry
    No, I didn't know whether you were or not. I was just making a dig at the Pauligans because it's so easy. LOL

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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by Gibberish View Post
    That may need to be re-looked at but California, especially southern California, has terrible, terrible, public transportation system. I would be hesitant to take out any money focused on improving it.
    It would free up gas money to spend on many other things if implemented correctly. Transportation is something Cali needs to keep high on priorities. I used to hate taking the freeways in L.A. so bad when I was in a rush. Murphy's Law is a bitch.
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    Re: California goes broke, halts $3.5 billion in payments

    My sister runs a daycare in CA and there's a real chance that for the kids that are on state paid daycare instead of getting a check from the state for March she'll get an IOU.

    Is that even possible? How's she supposed to pay her bills? I told her to pay 'em with IOUs.

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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by talloulou View Post
    My sister runs a daycare in CA and there's a real chance that for the kids that are on state paid daycare instead of getting a check from the state for March she'll get an IOU.

    Is that even possible? How's she supposed to pay her bills? I told her to pay 'em with IOUs.
    I wonder how that will go over.
    "Loyalty only matters when there's a hundred reasons not to be-" Gen. Mattis

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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by WI Crippler View Post
    I wonder how that will go over.
    I'll have to research it. That simply can't be right. How can they not pay the daycare providers? She has 14 kids total. 11 are state paid.

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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by talloulou View Post
    My sister runs a daycare in CA and there's a real chance that for the kids that are on state paid daycare instead of getting a check from the state for March she'll get an IOU.

    Is that even possible? How's she supposed to pay her bills? I told her to pay 'em with IOUs.
    The government does let you pay them in IOU's if you are in financial distress. It's only accepting that they get the same option in return.

    What you can't pay in IOUs are private companies, which is where the problem is with your sisters situation.
    "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by talloulou View Post
    I'll have to research it. That simply can't be right. How can they not pay the daycare providers? She has 14 kids total. 11 are state paid.
    It could happen:

    California has not resorted to IOUs since the 1992 budget crisis when Pete Wilson was governor. Back then, some 100,000 state employees got IOUs instead of paychecks for two months until the state approved a budget. The 1992 crisis came during summer, well past the tax season, but at least 12,000 tax refunds were also issued as IOUs, according to a contemporaneous report in the Los Angeles Times.

    Calif. Taxpayers Due Refunds May Get IOUs - NBCBAYAREA- msnbc.com

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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by winston53660 View Post
    It could happen:

    California has not resorted to IOUs since the 1992 budget crisis when Pete Wilson was governor. Back then, some 100,000 state employees got IOUs instead of paychecks for two months until the state approved a budget. The 1992 crisis came during summer, well past the tax season, but at least 12,000 tax refunds were also issued as IOUs, according to a contemporaneous report in the Los Angeles Times.

    Calif. Taxpayers Due Refunds May Get IOUs - NBCBAYAREA- msnbc.com
    I knew they were intending on IOU's for tax returns, some college grants, etc. But I hadn't heard on the news that daycare workers could go unpaid. The repercussions of that would be insane. Daycare workers aren't going to watch kids for free. They'll go broke. Unless banks honor the states IOU's and cash them.

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    Re: California goes broke, halts $3.5 billion in payments

    Quote Originally Posted by talloulou View Post
    My sister runs a daycare in CA and there's a real chance that for the kids that are on state paid daycare instead of getting a check from the state for March she'll get an IOU.

    Is that even possible? How's she supposed to pay her bills? I told her to pay 'em with IOUs.
    I think it happened in the 80's when I lived in CA. All state recipients (workers) got a letter from the state saying "Please do not kick this person out of their home as they will pay their bills later when the state pays them." Along with utilities and crap.
    I'm Finding it Harder to be a Gentleman, White Stripes ~ "You think I care about me and only me. When every girl needs help climbing up a tree."

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