Friday, July 10, 2009

IOUs hit home

My company was just notified that one of our customers will have to cancel the service, and will likely close their doors because they can't pay their bills with state-issued IOUs.

The customer is a non-profit battered women's shelter.

They must now turn out the women who were living there because the only other place they could live was likely with the person who beat them.

Meanwhile, state union workers are enjoying their 90% pensions, that the Ca. supreme court has ruled may NOT be paid with IOUs.

Fuck you, California.


Mike said...

I can't wait until banks start refusing to accept IOUs for entitlement payouts!

Have a bug-out plan in place yet? I hope you have two, because when that day comes, you'll need it!

Bradley said...

you have to ask your self, what is better for CA, paying the union or helping stop DV? Guess we know what the CA-SC would say about that.

JD said...

Considering my dad is one of those retired union people, with 30+ years of competent service, I find it difficult to be swayed to anger on this issue.

Particularly, again, when there are so many other reasons the state is broke besides retirement pay. Not the least of which is the tax/spend/spend/spend/tax/spend mentality, pork projects, 300% overpayment on contract jobs, etc. Since our so called representatives keep finding new and fun ways of spending our money without our consent (AB962?), it was inevitable.

I agree: Fuck California.

Yank my parents income, possibly put them out of their home? I will burn down Sacramento and piss on the ashes.

Fletch said...

It's obvious where the blame lies. It's not the fault of the workers for doing their job and expecting their contractually obligated benefits, or even on the unions for doing their job and fighting for better benefits for their workers; the blame lies with the people who approved these contracts, knowing that by the time the pension time-bomb went off, they'd be safely out of office.

My issue is with some being more equal than others.

However, if I were in charge of this shelter, I would have tried to develop private sources of funding as soon as the state gave a hint of financial instability. Relying on public funding when you are not considered an essential service to the state was a bad move on their part.

JD said...

Speaking of time-bomb policies, if we're experiencing these kinds of things now, with state IOU's and furloughs, etc...

How bad is it gonna suck in a year or two when the bulk of the Baby Boomers start hitting Social Security like its a fuckin' piƱata?