Roger Kimball writes about The age of the IOU, or chickens/roost, and “anarchy literally”
Via Instapundit, I read that Governor [David] Paterson has suggested that the great state of New York may have to follow the great state of California an issue IOUs instead of checks to taxpayers to whom it owes money.
If New York offers its citizens IOUs instead cash, citizens should do the same come April. After wading through the pages of gibberish that our legislators have thoughtfully provided under the rubric of your tax returns, they should enter the amount owed, sign on the dotted line, and enclose an IOU instead of a check. If an irresponsible and fiscally incontinent state can hold on to your money (and you should never forget that it is your money), then you are justified in practicing a little self-defense and treating the state with a little of the contempt with which it treats you. If five or ten or a hundred people did it, it wouldn’t make much difference. What if five or ten thousand people did?
I’m with Roger on that one, but let’s go one-by-one and challenge the Honorable Governor of the Empire State to start preaching by example and agree to take his salary in the form of IOUs until New York State is solvent and out of the red.
Ready when you are, Dave.