Thread: Calibucks
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H the K H the K is offline
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First recorded activity by BoatBanter: Jul 2009
Posts: 871
Default Calibucks
wrote:
On Mon, 13 Jul 2009 20:30:04 -0700 (PDT), Frogwatch
wrote:

Can I buy some of those IOUs California is issuing


Sure, just buy California municipal bonds and you won't have to pay
federal taxes on any of your profits.


It was predictable that the citizens of California would "proposition"
themselves into bankruptcy after the process virtually eliminated the
abilities of the governor and the legislature to raise the revenues
dictated by the ballot initiatives.

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