CA Controller to Suspend Tax Refunds, Welfare Checks
DriftingByTheStorm
Posts: 8,684
The Writing on the Wall
-or-
How It Affects You
For those who are still thinking
a. "there is no crisis" and "the media is just over reacting as usual"
b. "this doesn't affect me"
Well think again,
states go insolvent and cash poor,
they start stealing your money.
In this case, California, it is $2 Billion in tax payer money that is being "witheld" from citizens until IF and when the budget issues are resolved.
And before i get back the quip, "Yeah but its just temporary; they'll get their refund checks" or "i don't get a tax refund" ... just realize this: THIS IS JUST THE BEGINNING.
You are about to see a wave of collapsed at the municiple level. Just wait until state and local employees are no longer receiving paychecks; wait until social services, fire & safety, sanitation, education, and other services start breaking down because of lack of funding and employee pay. How many more Federal bailouts will be issued, and how much longer can the dollar tread water all in order to help save some fuckhole bankers at the top? At SOME point folks will have to start acknowledging that this WILL and IS going to affect them. And, HOPEFULLY, then they will start asking "why did this happen" and they will start wondering "who is to blame?"
And HOPEFULLY, they will arrive at the correct answer and not be fooled by false hopes and promises.
CA Controller to Suspend Tax Refunds, Welfare Checks
-or-
How It Affects You
For those who are still thinking
a. "there is no crisis" and "the media is just over reacting as usual"
b. "this doesn't affect me"
Well think again,
states go insolvent and cash poor,
they start stealing your money.
In this case, California, it is $2 Billion in tax payer money that is being "witheld" from citizens until IF and when the budget issues are resolved.
And before i get back the quip, "Yeah but its just temporary; they'll get their refund checks" or "i don't get a tax refund" ... just realize this: THIS IS JUST THE BEGINNING.
You are about to see a wave of collapsed at the municiple level. Just wait until state and local employees are no longer receiving paychecks; wait until social services, fire & safety, sanitation, education, and other services start breaking down because of lack of funding and employee pay. How many more Federal bailouts will be issued, and how much longer can the dollar tread water all in order to help save some fuckhole bankers at the top? At SOME point folks will have to start acknowledging that this WILL and IS going to affect them. And, HOPEFULLY, then they will start asking "why did this happen" and they will start wondering "who is to blame?"
And HOPEFULLY, they will arrive at the correct answer and not be fooled by false hopes and promises.
CA Controller to Suspend Tax Refunds, Welfare Checks
Evan Halper, Los Angeles Times
January 16, 2009
SACRAMENTO -- State Controller John Chiang announced today that his office would suspend tax refunds, welfare checks, student grants and other payments owed to Californians starting Feb. 1, as a result of the state's cash crisis.
Chiang said he had no choice but to stop making some $3.7 billion in payments in the absence of action by the governor and lawmakers to close the state's nearly $42-billion budget deficit. More than half of those payments are tax refunds.
The controller said the suspended payments could be rolled into IOUs if California still lacked sufficient cash to pay its bills come March or April.
"I take this action with great reluctance," Chiang said at a news conference in his office. But he said that without action to close the deficit, "there is no way to make it through February unscathed."
The payments to be frozen include nearly $2 billion in tax refunds; $300 million in cash grants for needy families and the aged, blind and disabled; and $13 million in grants for college students.
If I was to smile and I held out my hand
If I opened it now would you not understand?
If I opened it now would you not understand?
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Comments
but yeah this is scary...if this is just the beginning we don't have much to look forward too.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
No shit. The poor outnumber the rich pretty handily. Every massive social revolution begins when the rich decide to shit on the poor. Not a smart move.
Pissing off state employees by not paying them may result in the bankers' own undoing! If you actually had law enforcement or military not being paid as a result of this crisis, they might actually consider taking up the cause to remove the bankers from power-- and these are the people with the guns... the ones whose very presence has pretty much kept a very angry portion of the informed public from doing something drastic.
Not that they would necessarily have to use violence or their weapons-- but rather make it easier for the people to not protest the actions of our government by having the guys in uniform right by our side.
You mean that they might actually have to find jobs and work? Blasphemy!