IOU
Not a lot of faith in their own paper:
Small businesses that received $682 million in IOUs from the state say California expects them to pay taxes on the worthless scraps of paper, but refuses to accept its own IOUs to pay debts or taxes.
Now that’s funny.
August 11th, 2009 at 10:09 am
Uh, how exactly is that funny?
August 11th, 2009 at 10:12 am
Not so much funny ‘ha ha’ as in funny ‘lame’.
August 11th, 2009 at 10:36 am
How is that not funny?
Government telling someone that they won’t accept the worthless paper that the exact same government expected everyone else to accept?
That’s frickin’ hilarious.
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Roof over my head, food in my belly, weapon and ammo–everything else is candy.
August 11th, 2009 at 10:48 am
How did anyone not see this coming?
Frankly, if I were one of those business owners, I’d have sued the state for breach of contract the second they tried to pay me with an IOU instead of real money.
August 11th, 2009 at 11:19 am
I wonder if the IRS is accepting these IOU’s as payment for taxes? May be the best time to pay those off if it will not buy anything else.
August 11th, 2009 at 12:50 pm
One more reason to move to Texas y’all.
August 11th, 2009 at 2:07 pm
Print your own money and send it to them.
August 11th, 2009 at 5:56 pm
That’s ok, wait until it’s dollar bills and nobody will take them because they are worthless. That is what they are now aren’t they, promises to be good for trade as legal tender?
August 11th, 2009 at 11:28 pm
Interesting – last I had heard the state WAS taking them. Whoops.
August 13th, 2009 at 10:09 am
If it was the business you spent a lifetime creating that was going under because of this, I don’t think you’d find it funny.