California to issue IOUs instead of refunds during tax time

Discussion in 'Current Events' started by brett636, Dec 31, 2008.

  1. brett636

    brett636 Well-Known Member

    Since this is the state TOS hails from I thought it was only appropriate to highlight ultimate result of years of liberal policies and nanny state ideals. This would be the perfect moment in history for an earthquake to hit California causing it to break off into the ocean where it belongs. I wouldn't want an IOU from a bankrupt state, but luckily the state of Indiana is solvent and our government is cutting its spending rather than increasing its burden on the people.
    http://www.nbclosangeles.com/news/local/California-Taxpayers-Due-Refunds-May-Instead-Get-IOUs-.html

     
  2. browndevil

    browndevil Active Member

    First of all I hail from the great state of California. Two things, and not to get in a blame game but prior to the recall of Gov. Grey Davis my state had a surplus. Second of all, anyone who gives the govt. an interest free loan, by getting a tax refund once a year instead of setting your deductions corectly sounds to me, foolish.
    I want and expect and plan my refund to be anywhere within $100 that way I spend or invest MY money all year.
    What about having an earthquake and breaking off into the ocean? Well you would lose the sights of Cheryl( the owner of this site), MoreLuck, HelenofCalifornia some pretty fine posters who add to the texture here.
     
  3. Channahon

    Channahon New Member

    Here' a problem I have with any government entity.

    As a taxpayer, you DO NOT have the option of paying your taxes, unless you want leins on your property and warrants for your arrest for tax evasion. As we are all held accountable to pay our taxes.

    Now are the governments, city, state, federal, held accountable to spend our tax dollars? Has anyone ever received a finacial statement from the governments, letting us taxpayers know how our monies are being spent?

    I don't think so, unless you try to find some websites online, and with that some information is vague or outdated.

    As I see it, auditing, and evaluations of taxpayer spending is owed to the taxpayers. As my husband has said in the past, if we knew how much of taxpayers monies were being wasted, we would be sick.

    So to even ask the public to take and IOU for tax refunds, time for a revolt by the people.
     
  4. Baba gounj

    Baba gounj pensioner

    I'm willing to buy up some of those IOU's.....I'll give .02 cents to the dollar for them.

    :happy-very:
     
  5. chev

    chev Nightcrawler

    Honestly, I would rather owe a little bit or nothing at the end of the year than have the govt holding it interest free. :happy2:
     
  6. UPS Lifer

    UPS Lifer Well-Known Member

    Nobody wants to see any of the posters you mentioned (or even you) break off into the Pacific Ocean but I wouldn't mind seeing TOS rowing in a boat off the coast!!! LOL!


    Seriously though... This is the first full year I do not have to file income taxes in CA! I am soooooo happy about that!

    Grey Davis was the worst governor California has had in my lifetime.

    I have watched Arnold try and pass legislation dealing with education, teacher and professor seniority, as well as pension reform. Every union has spent millions against legislation that would ease the financial burden in CA.

    Don't get me wrong, I am not against unions but common sense needs to prevail. If there is no money something has to be done.

    Don't forget who controls the legislature and has controlled the legislature for more years than I can count.... and it doesn't begin with an "R"!

    California is or was the 7th largest economy in the world but this is what happens when you can't get away from partisanship (Democrats) and run the state like a business and make the hard decisions that need to be made.

    This is really a big embarrassment to the legislature of CA! My whole family resides in Southern Cal and I hope this situation gets resolved not only for them but for you as well.
     
  7. browndevil

    browndevil Active Member

    Hey Lifer I have been wondering were you have been. Thanks for your reply to this post. Since you have lived here I appreciate and respect your opinion. Yes we Californians are in a world of hurt but you had your escape route to the desert. Congrats on your first year of not having to file your income tax. We will miss your contribution this year LOL:happy2:
     
  8. av8torntn

    av8torntn Well-Known Member

    The really big embarrassment will be when the state of CA drags the rest of us into their mess. With the power they have in the US Congress it is only a matter of time before the rest of us are forced to bail you guys out. Look for something like 100 billion dollars from the rest of us for your giant CA government.
     
  9. UPS Lifer

    UPS Lifer Well-Known Member

    Well, hopefully what you say won't come true. I have personally heard Arnold say (when a couple of other governors and a few mayors asked for the bailout) that California got into this mess and we won't go to the Fed Government for a bailout. A governor who takes responsibility... how refreshing!

    This is what should have happened when Wall St (and Detroit etc.) was going belly up. The taxpayers can't bail out everybody that gets into trouble.
     
  10. Baba gounj

    Baba gounj pensioner

    And now the porn industry is looking for a $5B handout.:happy-very:
     
  11. av8torntn

    av8torntn Well-Known Member

    Well I hope you're right but I don't think it will be something obvious like a bill named the CA bailout bill. Those guys in DC can get creative when they spend our money.
     
  12. moreluck

    moreluck golden ticket member

    It'll be called the Finestein Fish Protection Act OR the Boxer Beluga Rescue Bill..... lol !!:happy-very: