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Posted on 07.02.09 by Thomas L. Knapp
“Deep in debt and short on cash, California on Thursday churned out its first batch of IOUs in nearly two decades amid grumbles from bankers, growing public outrage and scant progress in negotiations to resolve the state’s widening budget deficit. The state controller’s office fired up a pair of printing presses and began rolling out nearly 29,000 IOUs totaling more than $53 million, most of them destined for residents around the state still awaiting income tax refunds. Recipients also include some businesses, pensioners, health clinics, college students and many others who get checks from the state.” (07/03/09) Link: http://tinyurl.com/m82u97 Filed under: RRND News and Twitter-Worthy | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
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