California IOUs Archive

California bill to allow IOU’s for State tax payments

[Skip to the end] I have been writing about this for a long time. If enacted, the ramifications are profound. AMENDED IN ASSEMBLY JULY 1, 2009 AMENDED IN ASSEMBLY JUNE 29, 2009 AMENDED IN ASSEMBLY MAY 14, 2009 california legislature—2009–10 regular session ASSEMBLY BILL No. 1506 Introduced by Assembly Member Anderson (Coauthors: ...Read More

California May Pay With IOUs for Second Time Since Depression

[Skip to the end] (email exchange) right, as I’ve been suggesting for a long time, all states should always pay only with iou’s. that way they spend first, then collect taxes, just like the federal govt. and they can deficit spend without a funding imperative as well. >   >  On 12/5/08, Jason wrote: ...Read More