Discussion in 'Economics' started by libertad, Jul 6, 2009.
Why not ....?
Can we pay our taxes with IOUs?
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Do any of you guys know how far is the Gov's debt from the point where the treasuries go to AA?
One Financial apocalypse away
Under the present framework i guess something like that would never happen. It would precipitate the collapse of the rating system too.
so what is Cali's credit rating? I don't have time to look it up. I wonder what my company's would be if I strated paying my bills with i.o.u's.
So.... CA sends you an IOU. Can you use that IOU to pay next year's estimated state income tax, or property tax?
Actually, I checked not long ago and the magic # was something like 12.5 Trillion or something like that...
Lol, what you really want is for spreadtoGov to be replaced with spreadtoKrauts isnt it
The California goverment has found a way to print its own money.
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