Some of my fellow citizens of the Peoples Republic of California have asked if the IOU’s will be accepted to pay state fees such as motor vehicle licenses, etc. The answer is absolutely not, and anyone doing so will be subject to the same penalties as if the fee was not paid!
Next will be court filings by everyone in sight with millions going to attorneys to fight over money that isn’t there.
Meanwhile, the politicians in the capital just continue business as usual. I’m certain that many (MOST) of them, like our U.S. Senators, don’t pay their own taxes and we know they get 100% state paid cars, maintenance, fuel and insurance, along with per diem that makes corporate expense accounts look puny. Why should they worry about doing anything to halt the bleeding of the state budget, recently put at $41 billion?
We need to impeach everyone of them, starting with Arnold Schwarzenegger (Governor), Karen Bass (Speaker of the Assembly) and John Chiang (State Controller). Nothing short of that would seem to get their attention.
Happy RRing,
Jerry