never, EVER LET THE GOVT OWE YOU MONEY!!!
Posted on 02/02/2009 2:46:30 PM PST by Flavius
Running short of cash, California has started delaying $3.5 billion in payments to taxpayers, contractors, counties and social service agencies.
With the governor and state lawmakers locking horns on resolving California's budget crunch, the controller Monday halted checks covering these obligations so the state could continue funding its school system and making its debt payments.
The delay will inflict more pain on the already sorry condition of the Golden State, which is facing a $40 billion budget gap. People won't have tax refund money to spend, businesses won't get paid for their services and agencies won't have funds to help the needy until the budget situation is addressed.
Nearly $2 billion in personal state income tax refunds are being held up, according to state estimates. Last year, some two million Californians received refunds in February.
"People are going to be hurt starting today," said Garin Casaleggio, a spokesman for Controller John Chiang.
(Excerpt) Read more at finance.yahoo.com ...
utOpia. Coming soon to a state near you.
Time to refuse to pay further taxes in California.
Revolution. Coming to a Nation near you.
but...just Friday, weren’t they were trying to approve millions for some special new project?
Nahh. No spunk left in the sheeples.
So who had 2 FEB in the pool as the day CA defaults?
I missed, I had 1 FEB.
It looks like a good deal of the impetus for the stimulus package is coming from the ‘need’ to bail out failed states. The sooner they fail, the better. They can be used as case-studies in textbooks as to why socialism does not work.
I’m wondering now if California will be paying off lottery winners ...
>Time to refuse to pay further taxes in California.
Indeed. And what if our “helpful” Congress re-allocates funds from the rest of us to the state of CA?
Wouldn’t that be de facto taxation w/o representation? I’m not a resident of CA, and yet they would be using my monies, most probably in ways I wouldn’t approve if... and I would have no say in the matter at all.
You picked a Sunday?
This is what a liberal welfare state creates.
“agencies won’t have funds to help the needy”
...so there is a bright side after all!
I’m going to send them an I.O.U. and then ask for the same treatment as D.R.a G.
Yeah, I was too stupid to look at a calander.
;)
I’ll be sending the State of California an IOU on April 15th since my budget is a little shy this year. They won’t mind a bit, ya’ think?
They will pay that first. Just no tax refunds. I hope that stinking liberal hell hole crumbles.
The Lottery pays from their income and not from the General Fund or else they’d have been bankrupted by the Democrats 20 years ago.
Long article Tami without one word of illegals. Yep, I’m sure they had nothing to do with the shortfall of money. /s
Well you got it. They will bail em out with our money. Screw it. I am in the W-4 revolution. Changed to 15 exepts and let em try to collect. Screw this!
California has broken the social contract.
Obama’s plan for America is a combo of MexiFornia and Zimbabwe.
I am supposed to get my tax return deposit this week, so lets see if Arnie holds onto that so illegals can continue to abuse and bankrupt the system.
Bet CAL will still subsidize illegal aliens....
And stick it to the Americans...
Time for everyone to adjust their W2 forms so they do not have refunds coming. Next year you can send CA an IOU and tell them you simply don’t have it. These people should be facing jail time if the laws were the same for Politicians and citizens. Plus, the state should have to pay penalties and interest commiserate with the rates taxpayers have to pay when they are late(unless you are a high ranking democrat that is, then you pay nothing). If nothing else points out what a hole we have dug ourselves by electing democrat, communist scumbags to office this certainly does!
Oops, time for us to adjust the W4 forms, not W2, sorry about that.
Just wait till the welfare checks dry up. That should be real interesting. I guess it would be time to be “walking heavy”
i’m preparing my April 15th IOU.
Well, its a damn shame anyway for all those Californians who are good hardworking Americans. They're the ones who will really get screwed--along with the rest of the nation when Bammy rides to the rescue with our money.
They should get the hell out of Dodge.
Last year, the socialist/welfare state of Michigan stole millions of dollars in tax overpayments and still refuses to return the money. Meanwhile, the fascist bureaucrats are driving new SUVs and pick-ups, the fat welfare mommas get an increase in the beer allowance and the thieving pig politicians are stealing millions.
We no longer have a government but are instead being enslaved by a criminal syndicate. The old North Bridge is coming into view.
never, EVER LET THE GOVT OWE YOU MONEY!!!
I am disregarding the BS at this point. They can have my tv.
Send all your bills to Obama
BTW, I had been to that rink many times before. About half the skaters were regulars. That included about 10 black skaters who were very skilled. There's always a few that are chaotic convulsions on wheels. You give them a little extra clearance.
My neighbor's son works in Ca. and he got an "I OWE YOU" in lieu of $$$s owed from his Ca. state tax return.
I heard about that ... I’d be real real upset ... maybe when he files his taxes and owes money he can send that IOU back as payment .....
My daughter may be in the same shape. She is working in LA for a year, and started her training in NYC. We don’t know how much (if any) she will have to pay or get back yet.
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