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Californias I.O.U's


homer86

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I just read on cnn http://money.cnn.com/2009/07/12/smallbusiness/california_small_vendors_ious.smb/index.htm?postversion=2009071210 that Cali owes small business to the tune of 3 billion dollars. This is dumbfounding that the federal government will give 7 billion dollars to a failing corporate company (GM) but wont give money to Cali. I am very against Federal powers stepping on States but at this point in the economy the federal government has already thrown out all the principles this country was founded on. I would much rather see this money go to save the small businesses that drive this country than a company that ended up in bankruptcy and for what? Nothing the governement does anymore suprises me anymore. We need to stand up for what this country was founded on and what it stands for

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My dad was telling me about this. He lives in Canyon Lake, CA. He said they even issued IOU's to people that over paid state taxes for 2008. He is one of the many that received such an IOU. Crazy huh?????

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Its nuts. Thousands of hard working people over pay there taxes especially in CA and at the end of the day they get a thank you note and a peice of paper thats only worth 3.5% interest. The people should charge the state payday loan type interest rates

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i read an article the other day they were talking about legalizing reefer so they could tax it and make money off of it. in some counties there you are allowed to have like 8 plants for your personal use. no doctors note required.

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If those I.O.U's were worth the paper they were written on I am sure you could make a killing buying them for $0.50 on the dollar. I am sure someone is already doing it.

that's actually not a bad idea...

but hey! at least california is progressive and letting illegals do cheap labor and saving the environment.

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that's actually not a bad idea...

but hey! at least california is progressive and letting illegals do cheap labor and saving the environment.

I think the money they save on labor is a lot less then the money they spend on sending their children to school and healthcare

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