"I.O.U. one tax refund"

[ericire12]

http://www.latimes.com/news/local/la-me-budget17-2009jan17,0,4472460.story

Gee, I wonder how long it will take for California to get bailed out.....

 

   
California controller to suspend tax refunds, welfare checks

John Chiang announces that his office will suspend $3.7 billion in payments owed to Californians starting Feb. 1, as a result of the state's cash crisis. Student grants are also affected.

By Evan Halper
11:24 AM PST, January 16, 2009
Reporting from Sacramento -- State Controller John Chiang announced today that his office would suspend tax refunds, welfare checks, student grants and other payments owed to Californians starting Feb. 1, as a result of the state's cash crisis.

Chiang said he had no choice but to stop making some $3.7 billion in payments in the absence of action by the governor and lawmakers to close the state's nearly $42-billion budget deficit. More than half of those payments are tax refunds.

The controller said the suspended payments could be rolled into IOUs if California still lacked sufficient cash to pay its bills come March or April.

"I take this action with great reluctance," Chiang said at a news conference in his office. But he said that without action to close the deficit, "there is no way to make it through February unscathed."

The payments to be frozen include nearly $2 billion in tax refunds; $300 million in cash grants for needy families and the aged, blind and disabled; and $13 million in grants for college students.

[tombogan03884]

I'd take them to small claims court, or garnish the states tax revenue as their Child support system did to me, 3/4 off the top.

[TAB]

its not the 1st time...


besides what is this thing you call refund?

lets see

single, check
renter, check
owns his own biz, check

yeah they don't use any lube on me.

[tombogan03884]

Wonder where the Red Hot Chili Peppers came up with name of that song ? Kalifornication.
Alot of people are getting Kalifornicated, bet Pelosi gets her $

[TAB]

who needs a refund when you have a sweat deall like being in congress?

[Sponsor]

[tombogan03884]

Her and Arnie an Fienstien should wave their wages, or hold a benefit concert, all those people in hollywood wanted all this crap in the budget, they should help pay for it.


I must be into the medical marijuana    They have TAX SHELTERS, paying is what they keep the little people around for.

[TAB]

arine does.  And out of the 3 he has the least net worth... go figure.

[Texas_Bryan]

And why do these hippies think that capitalism is bad and socialism works?  You know how they play off every socialism induced economic meltdown, "well if we had just had a few more billion dollars, the system would have worked."

It depressing to think that so many Americans out there think this works and is the answer.

Just cause you shoot yourself in the foot, doesn't mean you have to jump off a cliff.
I know it doesn't make since and that's how they like it.

[Pathfinder]

How on God's green earth does a state (not the Feds, a state!) develop a "nearly $42-billion budget deficit"? That is a $42 BILLION Deficit!. Not the budget - the damn deficit - the difference between income and outgo.

Every state-level politician should be sent to prison immediately, do not pass go, do not collect $200 dollars, just do the perp walk.

Unreal. Well, ND has (had?) a budget surplus the past 5-6 years $1 billion surplus) due to the oil and gas reserves they've been working. With the price of oil dropped, we may end up the same way.

[TAB]

its very simple, we have laws on the books that say we must increase spending ever year... rather we have the money or not... its for the children after all.   Half of the state gets paid by the state in one form or another... that is the real reason.