POLITICS: CA IOUs; CA says “No”

California Won’t Accept Its Own IOUs

By MARIA DINZEO

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SAN FRANCISCO (CN) – Small businesses that received $682 million in IOUs from the state say California expects them to pay taxes on the worthless scraps of paper, but refuses to accept its own IOUs to pay debts or taxes.

via Courthouse News Service.

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Don’t you find this ironic? I do. On so many levels. Why should any one take their paper? Is it even legal? Really legal; not what the gooferment’s own courts say. Seems not!

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