Just imagine how much they would save if they paid TWO months . . . or THREE . . . or . . .
These are probably worth more than Portuguese T-Bills: 
Posted on 04/07/2013 11:26:05 AM PDT by dynachrome
However, of more immediate concern is how will the government now plug a hole of up to €1.3 billion in its €5.3 billion 2013 budget. A solution has, luckily, presented itself: bypass the unconstitutional provisions by paying government workers not in cash, but in government bills!
From the WSJ:
The Portuguese government is considering a plan to pay public workers and pensioners one month of their salary in treasury bills rather than cash after a high court ruled out wage cuts, a person familiar with the situation said Sunday.
"This is one of the ideas being considered," the person said.
By paying one month of salary in T-bills to public workers and pensioners, the government would save an estimated €1.1 billion in expenses, narrowing the budget gap significantly.
(Excerpt) Read more at zerohedge.com ...
(WSJ article via zerohedge as the WSJ needs sign up to view)
Those are a good as cash - those are IOUs.
What first came to mind was Johnny Cash singing “I hear that train a comin’,”
Either way, its worthless paper.....
Damn....as a person who works to keep the utility infrastructure functioning, I always figured I’d be safe when the economy collapses. So much for that plan. :-)
What can possibly go wrong?
Those are a good as cash - those are IOUs.
Curious fact: California issued IOUs instead of checks, and got away with it.
Quatloos? You can’t pay with quatloos-(paraphrasing James T Kirk in the original Star Trek series)...
which later prompted the slogan “Treasury Bills don’t pay the bills.”
“We pretend to work, and they pretend to pay us.”
“Pay” them in confetti; what does it matter, since you government hacks obviously have no interest in maintaining even the pretense of integrity.
Just imagine how much they would save if they paid TWO months . . . or THREE . . . or . . .
These are probably worth more than Portuguese T-Bills:
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