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It was bound to happen. It is probably unavoidable for anyone to escape the cloud of California I.O.U.'s. Today one of my investment partners informed me that we received an I.O.U. from the State for space they lease in an office building where the State is one of the major tenants.

I'm sure our lender will be more than happy to take the I.O.U. instead of our regular mortgage payment -- for now -- maybe.

Continue reading California I.O.U.'s have hit home -- ugh!

California I.O.U.'s have hit home -- ugh! originally appeared on BloggingStocks on Fri, 10 Jul 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CalifonriaI.O.UIOUslegislatureRunning of the BullsRunningOfTheBullsSheldon LiberSheldonLiberstate budgetStateBudgetFri, 10 Jul 2009 18:00:00 EST<![CDATA[Most Californians clamor for a tobacco tax increase ]]>http://www.bloggingstocks.com/2009/07/08/most-californians-clamor-for-a-tobacco-tax-increase/http://www.bloggingstocks.com/2009/07/08/most-californians-clamor-for-a-tobacco-tax-increase/http://www.bloggingstocks.com/2009/07/08/most-californians-clamor-for-a-tobacco-tax-increase/#commentsFiled under: , , , ,

Ahhh ... California. Home of the Beach Boys, Napa Valley, and, just recently, IOUs. Indeed, the Golden State is in dire financial straits, and looking for any way out. One suggestion? Tax the smokers. A recent poll of state voters shows 70% in favor of a $1.50-per-pack increase in the state cigarette tax.

Breaking down the numbers across party lines, 78% of Democrats, 75% of independents, and 65% of Republicans approve of such a measure. But Republican leadership remains opposed to the idea. A spokeswoman told reporters "Tax increases aren't the answer. Neither is tying programs with increasing costs to a tax source that is declining."

Continue reading Most Californians clamor for a tobacco tax increase

Most Californians clamor for a tobacco tax increase originally appeared on BloggingStocks on Wed, 08 Jul 2009 15:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>californiainthenewsioustobaccotobacco taxTobaccoTaxWed, 08 Jul 2009 15:10:00 EST