Banks Won't Honor Calif. IOUs

There is enough blame to go around but you can start with the republican party and the short sighted voters who in the 70's initiated that disaster that we now call propositional voting....the genesis of this mess in Califorinia. When you cap property taxes and then allow voters who have no idea the finances it takes to run city or state to decide the issue then you get this. You have elections to put people in the office to start with and let them do the best they can and hope they do the right thing by all. That used to be the way it was before "Prop" voting became the rage in Califorina. You noticed after it became clear in the 80's that it was a stupid idea no other states rushed to duplicate Califorina and giving voters the right to overturn or negate what elected officials were voted to do in the first place. I feel no sorrow for the narrow minded people of California. You wanted this and you asked for this so live with it! Taxes pays for stuff. The population grew so that means infrastructure and all things related had to grow. But you decided less taxes without any discussion what taxes are needed for is better. So now this is on you California! Reply

The thing I find amazing is that there are people who are actually *accepting* the IOU's in the first place. I would simply revert to a strict "cash in advance" policy, or the make the government do without. Reply