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| California To Delay SomePayments 30 Days |
| 2009-01-17 |
| Payments to Uncle Sam, the courts, banks and education will be paid in time. The rest can go pound sand. From TFA: With no signs of an economic recovery in sight, it is critical that the Governor and the Legislature enact a sound budget solution that provides much-needed cash by February 1. If not, the State will be $346 million in the red at the end of February, and $5.2 billion in the red in April. In order to preserve cash for education, debt service and other payments that are deemed by the State Constitution, federal law or court rulings as having first claim to available General Fund cash, the Controller announced he will begin delaying, for 30 days, payments to all other programs that are funded out of the State's depleted General Fund. Those payments that will be delayed include thousands of payments to businesses for services and products they provide to the State; to assistance for more than a million aged, blind and disabled Californians that goes to pay their rent, utilities, or put food on their tables; to State agencies that use the payments to fund critical public services, ranging from public safety to health and welfare. The delay in payments also will apply to tax refunds that millions of individuals and businesses have earned, expect and deserve. Not only will the 30-day delay in refund payments cause significant financial harm to California families, it will delay the economic stimulus expected from consumer spending. Postponing the payment of tax refunds also will ultimately cost the state tens of millions of dollars in interest payments if those payments are postponed beyond the date prescribed by law. |
| Posted by:badanov |
| #13 Just tell them you forgot to pay, Frank. And hope Obama! nominates you for something. F***ing A bubba! Ima think head of NASA, Frank is good with concrete and trollz. |
| Posted by: .5MT 2009-01-17 19:30 |
| #12 I understand there's a hiring freeze, and I'm sure there's layoff plans in the works. Furloughs are being imposed |
| Posted by: Frank G 2009-01-17 18:03 |
| #11 If Cali's so broke did they lay off any government workers? |
| Posted by: Hellfish 2009-01-17 17:31 |
| #10 There are groups that have been taking names and keeping score. I'd hate to be on one of the lists. Please forward my name to those groups. I've got my own list and maybe I can help. |
| Posted by: Hellfish 2009-01-17 17:30 |
| #9 I hope every worker in the state changes their withholding to married and 10. That would be a good start. |
| Posted by: bigjim-ky 2009-01-17 16:44 |
| #8 Are California conservatives willing to get in a very pointed and very public fight over this? This would seem like an issue that could launch a campaign for guvnah. |
| Posted by: Mike N. 2009-01-17 15:51 |
| #7 They're just as likely--maybe more so these days--to feel aggrieved and demand more government intervention, whether it is fiscally possible or not. Argentina Part II - your economic future under the socialism |
| Posted by: Procopius2k 2009-01-17 13:27 |
| #6 Personally, I'm looking forward to California and a few other States being downgraded to Territories and having Federal regulators running the place. As for Revolution, I see it coming, maybe not in the guise that most people associate with the term. Bit, there is definitely going to be some nasty blowback aimed at the Leftists. There are groups that have been taking names and keeping score. I'd hate to be on one of the lists. Just sayin'. |
| Posted by: Spusosh the Prolific6862 2009-01-17 13:21 |
| #5 Which revolution, Mike? I wasted a few electrons trying to figure out what the various outcomes were, and none of the likely ones looked good. If the government and pension funds fail to meet entitlement payments, it doesn't mean people will scale back their expectations and make do. They're just as likely--maybe more so these days--to feel aggrieved and demand more government intervention, whether it is fiscally possible or not. |
| Posted by: James 2009-01-17 13:00 |
| #4 ...I've said this before and I'll say it again: if ANYTHING starts the Revolution, this will be it. Mike |
| Posted by: Mike Kozlowski 2009-01-17 12:48 |
| #3 And so it begins. A 30 day delay will give them some breathing room. When they get their 2009 Obama bailout bucks, the checks will beging to roll again. |
| Posted by: Besoeker 2009-01-17 12:04 |
| #2 Just tell them you forgot to pay, Frank. And hope Obama! nominates you for something. |
| Posted by: SteveS 2009-01-17 11:58 |
| #1 well, at least now I have until May 15th to pay my CA income tax.... right? |
| Posted by: Frank G 2009-01-17 11:23 |