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California: The Haves and Have-Nots (paid in IOU vs paid in Cash)
Seeking Alpha ^ | 07/01/09 | Felix Salmon

Posted on 07/02/2009 1:14:19 AM PDT by TigerLikesRooster

People who get California IOUs People California pays in cash
Grants to aged, blind or disabled persons University of California
People needing temporary assistance for basic family needs Public Employees’ Retirement System
People in drug prevention, treatment, and recovery services Legislators, legislative employees, and appointees
Persons with developmental disablities Judges
People in mental health treatment Department of Corrections
Small Business Vendors Health Care Services payments to Institutional Providers


TOPICS: Business/Economy
KEYWORDS: budgetcrisis; california; iou
As usual, pols paid in cash. No surprise.
1 posted on 07/02/2009 1:14:20 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

Ping!


2 posted on 07/02/2009 1:14:52 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

Yup, the large and organized voting blocs are seeing the
green. Screw the little needy people.

JJ61


3 posted on 07/02/2009 1:17:41 AM PDT by JerseyJohn61 (Better Late Than Never.......sometimes over lapping is worth the effort....)
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To: TigerLikesRooster

The OVER PAID and OVER SPENDING “Civil Servants” - get CASH.
The illegal alien benefit providers — get CASH.

The taxpayers and creditors — get SHIT.


4 posted on 07/02/2009 1:29:29 AM PDT by river rat (Semper Fi - You may turn the other cheek, but I prefer to look into my enemy's vacant dead eyes.)
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To: TigerLikesRooster

Last fall when I began hearing about the possibility of states running out of money, that’s when I started getting serious about using firearms. I figured that sooner or later these people on welfare will go looking for what they want or need, and we’ll need to be able to protect ourselves and our homes.


5 posted on 07/02/2009 1:42:11 AM PDT by ChocChipCookie (Survival is a Mom's Job! Check out my new blog: www.thesurvivalmom.com)
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To: TigerLikesRooster

If I were a CA vendor, I’d not provide a THING until I am paid up front. Businesses aren’t in business to support the State.


6 posted on 07/02/2009 1:55:23 AM PDT by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
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To: ChocChipCookie
It is better to move out of SoCal especially, IMHO. I figure that LA would decay fast, and basic services would break down including electricity and water distribution. On top of the danger that vast underclass becoming lawless mobs, local gov may not be able to put out or contain seasonal wildfires. No money, no upkeep of equipments, dwindling personnel would contribute this. Then, when wildfire breaks out, it would spread unchecked and burn for many weeks or even months. It could torch much of LA area.

If CA gov goes broke and local govs breaks down, the infrastructure to ensure steady distribution of electricity and water would be destroyed. End of LA style urban life, which require steady supply of electricity(air conditioning) and water. With additional serious hazard of unchecked wildfire, cities like LA would be depopulated fast. Even mobs can have nothing to pillage on and they have to drink water and escape for constant heat. LA could become a ghost town relic in the desert.

7 posted on 07/02/2009 2:00:22 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster
Correction:

dwindling personnel would contribute to this.

to drink water and escape forfrom constant heat.

8 posted on 07/02/2009 2:02:47 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

people who get cars:

http://www.latimes.com/news/local/070109-me-budget-g,0,4232122.graphic


9 posted on 07/02/2009 2:37:37 AM PDT by blueplum
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To: TigerLikesRooster
and what happens in the fall when the state is in WORSE shape than it is now???

they should pay their taxes in ious too.

10 posted on 07/02/2009 4:06:48 AM PDT by Chode (American Hedonist - Obama is basically Jim Jones with a teleprompter)
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To: clee1

The problem is that it is the state who controls the law enforcement arm and probably most judges. It is like when you have a contract to deliver to a bankrupt company - you can still be ordered to deliver even though you will never get paid.

We are getting closer to a third world banana republic everyday.


11 posted on 07/02/2009 4:10:52 AM PDT by exhaustguy
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To: clee1

Comrade, you need to rethink your position! It is “From each according to their ability, to each according to their need”. If you don’t like the Obamassiah’s way, then you need a nice little re-education camp!

Play nicely, comrade!

/sarc


12 posted on 07/02/2009 4:17:45 AM PDT by PugetSoundSoldier (Indignation over the sting of truth is the defense of the indefensible)
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To: TigerLikesRooster; M. Espinola; combat_boots; FromLori; stephenjohnbanker
California's Empty Wallet: Turning Crisis into Opportunity

Like Purtin's KGB-controlled Russia, California is facing 'poverty amidst plenty.' Lots of poverty but the new oligarchs manage to live very well indeed. Who are these new oligarchs _____? You guessed it. Politicos are #1. Your lists are accurate.

The state has the eighth largest economy in the world, larger than Russia’s, Brazil’s, Canada’s and India’s. It has the resources, labor, and technical expertise to make just about anything its citizens put their minds to. The only thing lacking is the money to do it. But money is merely a medium of exchange, a means of getting suppliers, laborers and customers together so that they can produce and exchange products . . .

What Sheldon Emry wrote of nations is equally true of states:

“It is as ridiculous for a nation to say to its citizens, ‘You must consume less because we are short of money,’ as it would be for an airline to say, ‘Our planes are flying, but we cannot take you because we are short of tickets.’”

13 posted on 07/02/2009 5:37:03 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: TigerLikesRooster

Californians owed tax refunds should bring a class action suit to seize government assets for payment. I would start with seizing Arnold’s office furniture and the Legislator’s desks.


14 posted on 07/02/2009 6:24:54 AM PDT by The Great RJ ("The problem with socialism is that you eventually run out of other people's money." M. Thatcher)
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To: TigerLikesRooster; ex-Texan

aaaaaaaaaaaaaand pols will get only the best healthcare ;-)


15 posted on 07/02/2009 6:47:17 AM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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To: river rat; ex-Texan

“The OVER PAID and OVER SPENDING “Civil Servants” - get CASH.
The illegal alien benefit providers — get CASH.

The taxpayers and creditors — get SHIT.”

Obama Osama is pleased.


16 posted on 07/02/2009 6:48:58 AM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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To: TigerLikesRooster

hmmm, people with jobs get paid. sounds good to me.


17 posted on 07/02/2009 6:51:18 AM PDT by thefactor (yes, as a matter of fact, i DID only read the excerpt)
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To: DoughtyOne

18 posted on 07/02/2009 5:03:24 PM PDT by ding_dong_daddy_from_dumas (Obama's multi- trillion dollar agenda would be a "man caused disaster")
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To: ding_dong_daddy_from_dumas

LOL


19 posted on 07/02/2009 5:15:19 PM PDT by DoughtyOne (_Resident of the United States and Kenya's favorite son, Baraaaack Hussein Obamaaaa...)
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To: TigerLikesRooster

Talk about sticking it to the little guy.


20 posted on 07/02/2009 5:17:02 PM PDT by Churchillspirit
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To: Chode
And they should pay their taxes in ious too.

According to some pundit on the radio today, the state will not accept their own ious as payment of taxes. LOL!

21 posted on 07/02/2009 5:18:54 PM PDT by Churchillspirit
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To: ding_dong_daddy_from_dumas

Good one!


22 posted on 07/02/2009 5:19:49 PM PDT by Churchillspirit
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To: Churchillspirit
why am i not surprised... they KNOW they aren't any good!!!
23 posted on 07/02/2009 5:46:20 PM PDT by Chode (American Hedonist - Obama is basically Jim Jones with a teleprompter)
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