California May Pay With IOUs for Second Time Since Depression
December 05, 2008 at 17:04 PM EST
[Skip to the end] (email exchange) right, as I’ve been suggesting for a long time, all states should always pay only with iou’s. that way they spend first, then collect taxes, just like the federal govt. and they can deficit spend without a funding imperative as well. > > On 12/5/08, Jason wrote: > > My opinion is that the next major round of the bailout [...]
