California controller to suspend various payments

BarTopDancer · 01-18-2009, 08:51 PM

Including tax refunds, welfare and student aid.

Story here.

Quote:

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

Even if a budget agreement is reached by the end of this month, tax refunds and other payments could remain temporarily frozen. Chiang said a budget deal may not generate cash quickly enough to resume them immediately.

Not all payments will stop Feb. 1. Most school and healthcare programs will be paid, as required by state and federal law. The state will continue to pay more than $6.6 billion in such bills.

Ghoulish Delight · 01-18-2009, 09:47 PM

If I'm not getting a refund, can I mail the f*cks an IOU?

CoasterMatt · 01-18-2009, 10:09 PM

I'm ok with IOUs, provided they incur penalties and interest.

Alex · 01-18-2009, 10:14 PM

If you get an IOU, are they transferrable? If so, that might be some action I'd be willing to get in on.

wolfy999 · 01-19-2009, 02:53 AM

No problem there....but can I suspend my payments to them for the reason of lack of funds also? Humm....

lizziebith · 01-19-2009, 03:08 AM

We got IOUs in the 80s. Landlords even honored them (then). There were also major upheavals in the 90s when I worked for the State. It seems like this happens a lot here and people get outraged for a few weeks.. Why are people surprised now? Am I just old? I guess so...when I saw this topic I thought it was about a time long ago. Like: look at how wacky things used to be. Well: Plus ça change, plus c'est la même chose

I think we should not fret. It will be okay.

wolfy999 · 01-19-2009, 03:45 AM

Nobody's surprised I'm sure, but we'd like to be given the same opportunity as they have!

Kevy Baby · 01-19-2009, 06:39 PM

If you are issued an IOU from the state, you will make as much as 5% on that IOU - far better than you can get anywhere (legally) right now. One source.
If you are unable to pay your taxes, you can effectively issue the state (and the Fed) an IOU. Just like the state has to do, you have to eventually pay that IOU with interest (as the state is doing - see above).

01-18-2009, 09:47 PM	#2
Ghoulish Delight I Floop the Pig Join Date: Jan 2005 Location: Alternative Swankstyle Posts: 19,348	If I'm not getting a refund, can I mail the f*cks an IOU? __________________ 'He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me.' -TJ
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01-18-2009, 10:09 PM	#3
CoasterMatt BRAAAAAAAINS! Join Date: Jan 2005 Location: One Step Beyond... Posts: 8,802	I'm ok with IOUs, provided they incur penalties and interest. __________________ Do you like my photography? Visit photosbymatt.tumblr.com to purchase prints!
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01-18-2009, 10:14 PM	#4
Alex . Join Date: Feb 2005 Posts: 13,354	If you get an IOU, are they transferrable? If so, that might be some action I'd be willing to get in on.
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01-19-2009, 02:53 AM	#5
wolfy999 Eyes like Sapphires! Join Date: Oct 2006 Location: 2.4 miles from Disneyland Posts: 1,523	No problem there....but can I suspend my payments to them for the reason of lack of funds also? Humm.... __________________ Diane "Honesty may be the best policy, but it's important to remember that apparently, by elimination, dishonesty is the second-best policy." - George Carlin 1937-2008 DISNEY IS FINALLY PAYING ME BACK......STILL OWES ME ABOUT (oh, wait....way too much)!
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01-19-2009, 03:08 AM	#6
lizziebith Wishing these titles could be longe Join Date: Jan 2005 Location: Pearblossom CA Posts: 984	We got IOUs in the 80s. Landlords even honored them (then). There were also major upheavals in the 90s when I worked for the State. It seems like this happens a lot here and people get outraged for a few weeks.. Why are people surprised now? Am I just old? I guess so...when I saw this topic I thought it was about a time long ago. Like: look at how wacky things used to be. Well: Plus ça change, plus c'est la même chose I think we should not fret. It will be okay. __________________ $ DO \|\| !$ DO ; TRY TRY: COMMAND NOT FOUND
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01-19-2009, 03:45 AM	#7
wolfy999 Eyes like Sapphires! Join Date: Oct 2006 Location: 2.4 miles from Disneyland Posts: 1,523	Nobody's surprised I'm sure, but we'd like to be given the same opportunity as they have! __________________ Diane "Honesty may be the best policy, but it's important to remember that apparently, by elimination, dishonesty is the second-best policy." - George Carlin 1937-2008 DISNEY IS FINALLY PAYING ME BACK......STILL OWES ME ABOUT (oh, wait....way too much)!
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01-19-2009, 06:39 PM	#8
Kevy Baby Chowder Head Join Date: Jan 2005 Location: Yes Posts: 18,500	If you are issued an IOU from the state, you will make as much as 5% on that IOU - far better than you can get anywhere (legally) right now. One source. If you are unable to pay your taxes, you can effectively issue the state (and the Fed) an IOU. Just like the state has to do, you have to eventually pay that IOU with interest (as the state is doing - see above). __________________ The thing about quotes on the internet is that you cannot verify their validity. - Abraham Lincoln
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